TechFlow News, May 12: According to The Block, global asset management firm Franklin Templeton and Payward—the parent company of cryptocurrency exchange Kraken—have announced a partnership to jointly explore tokenization pathways for traditional investment products. The collaboration covers tokenized equities, compliant custody, actively managed yield products, and institutional crypto liquidity services.
The two parties plan to launch tokenized Franklin Templeton financial products for institutional clients, with potential expansion to Kraken’s broader user base depending on circumstances. Arjun Sethi, Co-CEO of Payward, stated that this partnership will pioneer entirely new product categories that were impossible just three years ago. Meanwhile, Payward has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust company charter to further expand its access within the U.S. financial system.
