Payward, the parent company of Kraken, is collaborating with Franklin Templeton to create onchain investment products aimed at institutional investors. The partnership will focus on tokenized yield products and blockchain-based funds.
The collaboration will develop a variety of blockchain-based investment offerings, including tokenized yield products, tokenized equities, and custody services for digital assets. This initiative aligns with a trend among major financial firms like BlackRock, Fidelity, and JPMorgan, which have been expanding their blockchain-related financial products, particularly in tokenized assets.