Franklin Templeton and Kraken's Parent Company Are Tokenizing Wall Street Products — Here's What That Actually Means
92d ago · 1 source
Franklin Templeton, one of the world's largest asset managers, has partnered with Payward, the parent company of crypto exchange Kraken, to bring traditional Wall Street financial products onto the blockchain. The collaboration aims to tokenize conventional financial instruments, making them accessible through crypto-native infrastructure. This represents another major step in the convergence of traditional finance (TradFi) and decentralized finance (DeFi).
WHY IT MATTERS
Imagine you want to buy a small piece of a U.S. Treasury bond or a share in a professional investment fund, but the minimum investment is $100,000 and it takes days to settle. Tokenization is like turning that financial product into a digital token on a blockchain — kind of like converting a paper gift card into a digital one you can instantly send, split, or trade. Franklin Templeton (a giant traditional investment firm) teaming up with Kraken's parent company (a major crypto exchange) means everyday crypto users might soon be able to buy and trade traditional Wall Street investments right from their crypto accounts, 24 hours a day, with lower fees and smaller minimum amounts. It's a sign that the wall between 'old finance' and 'crypto finance' is rapidly disappearing.
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