CoinDesk
Franklin Templeton has partnered with MoonPay to let institutional investors swap stablecoins directly into the asset manager's tokenized money market fund — entirely onchain and around the clock. The integration links Franklin Templeton's Benji Technology Platform with MoonPay Trade's infrastructure, creating a seamless pathway for eligible institutions to gain or shed exposure to yield-generating tokenized funds without ever leaving blockchain networks.
Why it matters
Sandy Kaul, Franklin Templeton's head of innovation and digital assets, called 2026 "the year of the universal liquidity layer" — a moment when stablecoins, tokenized funds and other digital money forms become interoperable across trading, lending and collateral applications. The key institutional pitch: unlike traditional money market funds that require end-of-day settlement to accrue interest, tokenized funds can distribute yield based on the precise holding period. "We had tremendous demand for this," Kaul told CoinDesk. The $1.74 trillion asset manager is also building out a dedicated Franklin Crypto division anchored by the acquisition of 250 Digital, signalling this is a structural commitment rather than a pilot.
Market impact
The deal marks a meaningful expansion for MoonPay beyond retail crypto payments into tokenized real-world assets — a sector drawing accelerating institutional capital. For the broader RWA market, it adds another high-credibility on-ramp at a time when competitors like Symbiotic are tackling the redemption-delay bottleneck with instant stablecoin redemption rails. Institutions watching this space should note that 24/7 yield on cash-like assets is quickly shifting from differentiator to baseline expectation.
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