Franklin Templeton Partners With MoonPay for 24/7 Stablecoin Yield Swaps

Franklin Templeton is partnering with MoonPay to let institutional investors move directly between supported stablecoins and the firm's tokenized money market fund entirely onchain. The Wall Street giant is integrating its tech platform with MoonPay's infrastructure, allowing eligible institutions to seamlessly swap stablecoins for yield-generating tokenized funds without ever leaving the blockchain.

What to know:

• Franklin Templeton is partnering with MoonPay to let institutional investors move directly between supported stablecoins and the firm's tokenized money market fund entirely onchain.
• The integration links Franklin Templeton's Benji Technology Platform with MoonPay Trade, enabling eligible institutions to gain and shed exposure to the tokenized fund without leaving blockchain networks.
• Franklin Templeton sees rising institutional demand for 24/7 yield on cash-like assets and is expanding its digital asset push, including a new Franklin Crypto division and broader efforts in tokenized real-world assets.

The integration connects Franklin Templeton's Benji Technology Platform with MoonPay Trade's infrastructure, creating a pathway for eligible institutions to exchange supported stablecoins for exposure to the firm's tokenized money market fund and back again — no legacy banking portal required.

The partnership comes as Franklin Templeton pushes deeper into digital assets. In April, the $1.74 trillion asset manager announced plans to launch Franklin Crypto, a dedicated cryptocurrency division anchored by the acquisition of crypto investment firm 250 Digital. The new unit will focus on active crypto investment strategies, while Franklin Templeton continues building tokenized versions of traditional financial products.

Sandy Kaul, Franklin Templeton's head of innovation and digital assets, said the company sees 2026 as "the year of the universal liquidity layer," where stablecoins, tokenized funds and other forms of digital money become interoperable and can be used across trading, lending and collateral applications.

Kaul said one of the most compelling use cases for institutions is moving stablecoin balances into tokenized money market funds to earn yield around the clock. "We trade 24/7 in the crypto markets," she said in an interview with CoinDesk. Unlike traditional money market funds, which typically require investors to hold positions through the end of a trading day to receive interest, tokenized funds can distribute yield based on the precise period an investor holds the asset, she noted.

According to Kaul, institutional demand has been strong. "We had tremendous demand for this," she said, referring to the ability to move between stablecoins and tokenized money market funds at any time while maintaining exposure to yield-generating assets. T+1 settlement, it seems, was getting old.

The partnership also reflects MoonPay's expansion