Franklin Templeton teams up with MoonPay to let big investors swap stablecoins for yields 24/7
Franklin Templeton and MoonPay are linking systems so eligible institutions can move between stablecoins and a tokenized money market fund onchain. The firm says demand is strong for 24/7 yield on cash-like assets.
Intelligence analysis by GPT-5.4 Mini
Franklin Templeton is widening its tokenization push by connecting its Benji platform with MoonPay Trade. The setup lets eligible institutions swap supported stablecoins for exposure to the firm’s tokenized money market fund and back again without leaving blockchain networks.
Franklin Templeton is building a bigger digital money bridge. Big investors can swap their stablecoins into a special fund that earns money, then swap back, all day and night, like switching between two lanes on the same road.
Analysis
What happened
Franklin Templeton is partnering with MoonPay to create an onchain route for institutional investors to move between supported stablecoins and the firm’s tokenized money market fund. The integration links Franklin Templeton’s Benji Technology Platform with MoonPay Trade, so eligible institutions can gain exposure to the fund and exit it without leaving blockchain networks.
Why the firm is doing this
Sandy Kaul, Franklin Templeton’s head of innovation and digital assets, framed the move as part of a larger shift toward what she called a “universal liquidity layer” in 2026, where stablecoins, tokenized funds, and other forms of digital money can be used across trading, lending, and collateral applications. She said one of the main use cases is moving stablecoin balances into tokenized money market funds and earning yield around the clock.
The institutional angle
The article says Franklin Templeton sees strong demand for this kind of always-open workflow. Kaul said the firm had “tremendous demand” for the ability to move between stablecoins and tokenized money market funds at any time while staying in yield-generating assets. The pitch is straightforward: crypto markets trade 24/7, and tokenized funds can make the cash-like side of portfolios more continuous as well.
Bigger strategy context
The partnership fits Franklin Templeton’s broader digital asset push. In April, the $1.74 trillion asset manager said it planned to launch Franklin Crypto, a dedicated cryptocurrency division built around its acquisition of 250 Digital. The company is pairing that effort with continued work on tokenized versions of traditional financial products.
MoonPay is also expanding beyond trading and payments. The article says it is moving into tokenized real-world assets, which are drawing more interest from traditional financial firms looking to bring regulated investment products onchain.
Key points
- Franklin Templeton and MoonPay are connecting their platforms for onchain movement between stablecoins and a tokenized money market fund.
- The workflow is aimed at eligible institutional investors and is meant to keep activity entirely on blockchain networks.
- Franklin Templeton says institutions want 24/7 access to yield on cash-like assets, matching crypto market hours.
- The move fits Franklin Templeton’s broader push into digital assets, including its planned Franklin Crypto division.
- MoonPay is expanding beyond trading and payments into tokenized real-world assets.
If the integration works well, institutions could get a smoother way to keep cash-like assets earning yield without waiting for market hours. It could also strengthen demand for tokenized funds by making them easier to use inside crypto-native workflows.
The setup still depends on eligible institutions and a specific onchain infrastructure, so adoption may remain limited if firms do not want to change existing treasury workflows. The broader tokenized-fund pitch also has to prove it can compete with traditional money market products on trust, access, and operational simplicity.
