Franklin Templeton Partners With Kraken Parent Payward to Explore Tokenized Traditional Finance Products

According to BlockBeats, on May 12, Franklin Templeton and Payward, Kraken's parent company, announced a partnership to jointly explore tokenized opportunities for traditional financial products. The collaboration will cover tokenized equities, compliant custody solutions, actively managed yield products, and institutional-grade crypto liquidity through Kraken OTC and Prime services. Both parties plan to develop on-chain versions of Franklin Templeton's financial products, initially targeting institutional clients with yield-focused offerings.
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