Payward, the parent company of crypto exchange Kraken, is joining forces with asset manager Franklin Templeton to launch a new suite of tokenized yield products. The partnership aims to blend traditional finance with blockchain technology, bringing yield-generating instruments onto Kraken's platform.
What the products will look like
The two firms are developing a range of tokenized products designed to offer yield. Neither has disclosed the specific assets being tokenized, launch dates, or target returns. Tokenization typically lets investors trade fractions of assets around the clock and settle trades faster than traditional markets. Franklin Templeton brings decades of asset-management experience; Payward contributes the crypto trading infrastructure.
Franklin Templeton's deepening crypto bet
This isn't Franklin Templeton's first crypto rodeo. The firm already offers spot bitcoin and ether ETFs. The new tokenized yield products go a step further, directly issuing on-chain instruments rather than wrapping them in an ETF structure. It's a sign the company sees a future where bonds, money-market funds, and other yield-bearing assets live natively on blockchains.
The products aren't live yet. No timeline has been given. When they do appear, Kraken users will likely be able to buy, sell, or hold tokenized yield assets directly on the exchange. Details on fees, minimums, and eligible jurisdictions remain unannounced. For now, the market waits for concrete specs — but the announcement itself shows the line between crypto and traditional finance keeps thinning.
