By Isaac • May 15, 2026 8:35 pm •
Payward, the parent company of Kraken and the developer of the xStocks tokenized equities framework, announced a strategic collaboration with Franklin Templeton on May 12. The deal pairs a $1.74 trillion traditional asset manager with one of crypto’s largest exchange platforms to build tokenized financial products and push institutional capital onchain.
The collaboration covers tokenized equities, qualified custody, actively managed yield products, and direct access to institutional crypto liquidity through Kraken’s OTC and Prime desks. Payward said the two firms will also work on integrating BENJI, Franklin Templeton’s suite of global tokenized money market funds, across Kraken’s platform for institutional use cases.
📣 Payward and @FTDA_US announced a strategic collaboration to advance tokenized assets and
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