Franklin Templeton partners with MoonPay to enhance digital asset offerings
- Franklin Templeton, managing $1.74 trillion in assets, is expanding into digital assets through a partnership with MoonPay.
- The integration allows institutional investors to swap stablecoins for a tokenized money market fund via an onchain workflow.
- Sandy Kaul, head of innovation and digital assets at Franklin Templeton, forecasts a “universal liquidity layer” by 2026 for digital currencies.
- Tokenized funds can distribute yield based on the exact duration an investor holds the asset, unlike traditional funds.
- There is strong institutional demand for the ability to move between stablecoins and tokenized funds while earning yields continuously.
This partnership signifies Franklin Templeton’s commitment to integrating traditional finance with blockchain technology, as it seeks to create regulated investment products onchain. The ability for institutions to earn yield from tokenized money market funds enhances their operational flexibility in the crypto markets.
With this initiative, Franklin Templeton aims to meet growing institutional interest in stablecoins and tokenized financial products, reflecting significant demand for innovative financial solutions.(Source)
