Conference summary: a fresh start with Franklin Templeton kicks off in Bermuda

crypthub

about 7 hours ago

Strategic Collaboration

The partnership between Payward (Kraken) and Franklin Templeton was announced live on stage. It spans tokenized equities, qualified custody, actively managed yield products, and direct institutional liquidity via Kraken’s OTC and Prime desks. The deal marks a step toward merging traditional assets with digital infrastructure.

Tokenized Money Market & xStocks

BENJI integration brings Franklin Templeton’s tokenized money‑market funds onto Kraken for collateral, settlement and other institutional uses. Co‑designed yield strategies combine the manager’s credibility with crypto‑native transparency and programmability. Since its 2025 launch, the xStocks framework has processed over $30 billion, forming the base for more tokenized real‑world assets.

Gold ETF Airdrop & Bermuda Forum

At the community day, each eligible attendee received a tokenized share of Franklin Templeton’s gold ETF—about $200 of real, gold‑backed exposure—settled on‑chain in seconds. The Bermuda Digital Finance Forum underscored the accelerating convergence of traditional finance and on‑chain settlement. Upcoming products will include tokenized treasuries, equities and credit with global, instant access.

Risk & Availability

xStocks are issued by Backed Assets (JE) Limited and offered through Payward Digital Solutions, licensed by the Bermuda Monetary Authority. They are not registered with securities regulators, are unavailable to U.S. persons, and involve investment risk. Investors should seek independent advice and review Kraken’s risk disclosure and related legal documents.