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Payward to work with Franklin Templeton on tokenised financial products

Payward, the parent company of cryptocurrency exchange Kraken, will work with asset manager Franklin Templeton to develop tokenised financial products for institutional investors, CoinDesk reported on May 12. The companies plan blockchain-based offerings including tokenised yield products, tokenised stocks and digital-asset-linked custody services. They will also consider launching actively managed tokenised products tradable on-chain, accessible to institutions and, in some regions, Kraken retail users. Kraken plans to integrate Franklin Templeton\'s tokenised money market fund lineup BENJI.