Payward, the parent company of crypto exchange Kraken, announced a partnership with asset manager Franklin Templeton to develop a range of blockchain-based investment products for institutional investors.
The companies said Tuesday they will focus on tokenized yield products, tokenized equities, custody services and actively managed onchain funds. Some offerings may become available to retail Kraken users in certain jurisdictions. Kraken plans to integrate Franklin Templeton's BENJI tokenized money market funds as collateral and cash management tools on its platform.
