FinanceShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailFranklin Templeton and MoonPay Join Forces for 24/7 Stablecoin Yield Swaps
The partnership enables institutional investors to effortlessly transition between stablecoins and yield-generating tokenized funds directly on the blockchain.
By Helene Braun, AI Boost|Edited by Stephen Alpher Jun 2, 2026, 1:30 p.m. 2 min readMake preferred on
Sandy Kaul at Consensus Miami 2026. (Photo by CoinDesk)Key Points:
- Franklin Templeton is collaborating with MoonPay to allow institutional clients to directly transition between approved stablecoins and the firm's tokenized money market fund on the blockchain.
- This integration connects Franklin Templeton’s Benji Technology Platform with MoonPay Trade, facilitating eligible institutions to manage their exposure to the tokenized fund seamlessly.
- Amid increasing institutional interest in around-the-clock yield on cash-equivalent assets, Franklin Templeton is furthering its digital asset initiatives, which include the formation of a new Franklin Crypto division.
Franklin Templeton is broadening its digital asset strategy through a collaboration with MoonPay, enabling institutional investors to transfer between stablecoins and the asset manager's tokenized money market fund via an onchain process.
The collaboration links Franklin Templeton's Benji Technology Platform with MoonPay Trade's infrastructure, allowing eligible institutions to swap supported stablecoins for exposure to the firm's tokenized money market fund and vice versa without exiting the blockchain.
This partnership emerges as Franklin Templeton deepens its involvement in digital assets. In April, the $1.74 trillion asset management firm revealed its intention to launch Franklin Crypto, a dedicated cryptocurrency division following the acquisition of the crypto investment company 250 Digital. This new unit will target active crypto investment strategies while the firm continues to develop tokenized versions of conventional financial products.
Sandy Kaul, who leads innovation and digital assets at Franklin Templeton, remarked that 2026 is expected to be "the year of the universal liquidity layer," where stablecoins and tokenized funds will be interoperable, facilitating their use across trading, lending, and collateral applications.
Kaul highlighted that a significant advantage for institutions is the capability to convert stablecoin holdings into tokenized money market funds to earn yields continuously.
"We trade 24/7 in the crypto markets," she stated in an interview with CoinDesk. Unlike traditional money market funds, which generally necessitate that investors maintain their positions until the end of the trading day to earn interest, tokenized funds can allocate yield based on the exact duration the asset is held, she explained.
Kaul noted that institutional interest in this functionality has been robust.
"We had tremendous demand for this," she said, referring to the seamless ability to shift between stablecoins and tokenized money market funds while continuing to earn yield on those assets.
This partnership also signifies MoonPay's expansion from crypto trading and payments into tokenized real-world assets, an area that is garnering increasing interest from traditional financial institutions aiming to bring regulated investment products onto the blockchain.
MoonPayAI Disclaimer: Portions of this article were generated with the help of AI tools and were reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see CoinDesk's full AI Policy.More For You
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