Kraken Parent Taps Franklin Templeton for Onchain Push - Blockonomi

by · Blockonomi

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  • Payward, the parent company of Kraken, has partnered with Franklin Templeton to develop onchain investment products.
  • The companies plan to launch tokenized yield products, tokenized equities, and digital asset custody services.
  • Kraken will integrate Franklin Templeton’s BENJI tokenized money market funds into its platform.
  • The BENJI funds may serve as collateral and cash management tools for institutional trading clients.
  • Payward stated that its xStocks platform has processed more than $30 billion in trading volume since 2025.

Payward Inc., the parent company of Kraken, has partnered with Franklin Templeton to expand tokenized investment products for institutions. The companies will create blockchain-based offerings, including tokenized yield strategies, equities, and custody services. They confirmed the plan on Tuesday and outlined product integration across their platforms.

Kraken Parent Expands Tokenized Product Suite

Payward will work with Franklin Templeton to launch tokenized financial instruments on blockchain networks. The firms will develop tokenized yield products and tokenized equities for institutional clients. They will also build custody services tied to digital assets on Kraken’s infrastructure.

The companies said they plan to introduce actively managed tokenized strategies that trade directly onchain. In some regions, Kraken may offer certain products to eligible retail users. Payward stated that its xStocks platform has processed over $30 billion in trading volume since launching in 2025.

Kraken will integrate BENJI, Franklin Templeton’s tokenized money market fund platform, into its exchange. The firms said these funds may serve as collateral for institutional trading accounts. They added that institutions could use tokenized funds for blockchain-based cash management operations.

A company statement said, “This collaboration aims to broaden access to tokenized financial products.” The firms confirmed they will focus on regulated investment structures. They also stated that product rollouts will depend on jurisdictional requirements.

BlackRock, Fidelity, and JPMorgan have expanded blockchain-linked financial products in recent years. These firms have launched tokenized Treasury products and blockchain-based money market funds. The companies continue to test digital settlement frameworks tied to conventional assets.

Franklin Templeton Deepens Blockchain Investment Push

Franklin Templeton has spent several years developing blockchain-based investment vehicles. The asset manager launched tokenized money market funds and operates them through its BENJI platform. The firm will now connect those funds directly to Kraken’s trading systems.

The partners said tokenized Treasury funds represent a fast-growing digital asset segment. These products offer yields linked to government securities while operating on blockchain rails. Institutions can move collateral at any time instead of waiting for banking hours.

Tokenization converts traditional assets such as stocks, bonds, and funds into blockchain-based tokens. These digital representations can trade and settle through distributed ledger networks. Supporters argue that the method can shorten settlement cycles and improve liquidity.

The companies will examine structures that allow tokenized assets to move between financial platforms. They will test operational models that support institutional trading desks. They also plan to align custody solutions with onchain asset transfers.

Franklin Templeton confirmed that its BENJI funds may support collateral management on Kraken. The firms said they will share further updates as product development progresses. They stated that deployment timelines will depend on regulatory approvals and platform integration milestones.

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