Digital wallets will hold ‘totality’ of people’s assets, says Franklin Templeton

New York —The next evolution of asset management will be “wallet-native,” not just digital, according to Franklin Templeton’s head of innovation, Sandy Kaul.

Speaking at the Ondo Summit in New York on Tuesday, Kaul said she envisions a future where all financial assets — stocks, bonds, funds, and more — are held and managed through tokenized digital wallets.

STORY CONTINUES BELOW

“The totality of people’s assets is going to be represented in these wallets,” she said.

The panel, which included Cynthia Lo Bessette of Fidelity, Kim Hochfeld of State Street, and Will Peck of WisdomTree, agreed that tokenization is no longer a theoretical concept. After years of slow progress, real infrastructure is now in place, and use cases are expanding beyond early experiments.