Franklin Templeton, a prominent asset manager with approximately $1.7 trillion in assets under management, and MoonPay, a leading crypto payments infrastructure company, have announced a strategic partnership aimed at enhancing access to tokenized financial products. The collaboration was unveiled in a press release earlier this week.
The initial phase of this partnership involves the integration of Franklin Templeton’s innovative Benji Technology Platform with MoonPay Trade. This integration enables eligible institutional users to seamlessly swap between stablecoins and gain exposure to Franklin Templeton’s tokenized money market funds, all while remaining within the blockchain environment.
This move signifies a significant step for MoonPay as it expands its services beyond traditional crypto, fiat, and stablecoins to include tokenized fund shares that function similarly to on-chain assets. By leveraging MoonPay Trade’s advanced execution and routing infrastructure, the collaboration aims to simplify user access to Franklin’s tokenized money market offerings. It will also enhance liquidity pathways for stablecoins, thereby facilitating various applications such as treasury management, collateral optimization, and portfolio rebalancing.
Sandy Kaul, Head of Innovation and Digital Assets at Franklin Templeton, emphasized the utility of tokenized money market funds in a fast-paced digital asset ecosystem. “Tokenized money market funds only become more useful when they can move with the speed and programmability of the broader digital asset ecosystem,” she stated. Kaul also highlighted that collaboration with MoonPay offers institutions a reliable entry point to transition between stablecoin liquidity and tokenized fund exposure.
Caroline Pham, CEO of MoonPay Institutional, shared her insights on the importance of access to on-chain financial ecosystems. “Digital assets like tokenized money market funds provide benefits like improved liquidity and capital efficiency, but only if institutions have access to the on-chain financial ecosystem,” she remarked.
The partnership between Franklin Templeton and MoonPay is portrayed as a foundational step toward further collaborations in tokenized finance and the institutional on-chain market, suggesting a promising future for advancements in the sector.
