Why Franklin Templeton Has Been Eyeing Tokenization for a Decade and What Comes After Money Funds | Roger Bayston
On today's Talking Tokens, Jacquelyn sits down with Roger Bayston, Head of Digital Assets at Franklin Templeton, to discuss his 35-year journey at the firm and how tokenization became the focal point to his career there today. Roger breaks down how he sees blockchain less as a new financial system and more as a long overdue infrastructure replacement, why BENJI’s ability to transfer and accrue interest in real time is a bigger deal than it sounds, and why investors should stop sleeping on a specific asset class with $25 to $30 trillion in activity. TIMESTAMPS: 00:00 Introduction to Tokenization and Franklin Templeton 03:02 Roger Bayston's Journey in Finance 05:45 The Vision for Tokenization in Asset Management 09:11 State of Tokenization Today 11:46 The Evolution of BENJI and Its Impact 15:01 Future Outlook for Tokenization 17:57 The Integration of Traditional Finance and Blockchain 21:05 The Future of Investment Products 21:59 Resurrecting SPVs and Trust in Finance 25:07 Building Trust in Digital Assets 28:21 Institutional Interest in Blockchain 30:46 Investing in Networks and Blockchain Opportunities 33:45 Tokenization and New Asset Classes 39:31 The Future of Banking and Tokenization You can subscribe to the podcast on Spotify, Apple or YouTube. If you enjoy the show, please leave a review — it really helps.
This episode is sponsored by Securitize, the proven leader in tokenized funds, equities, and private markets. Discover more at securitize.io. Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ Apple Podcasts: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 YouTube: https://www.youtube.com/@TalkingTokens Follow us on X Jacquelyn: / jacqmelinek Talking Tokens: / _talkingtokens Follow us on Instagram / _talkingtokens Note: This podcast is for informational purposes only. Views shared are opinions, not financial advice. The host or guests may have financial interests in discussed content.
Why Franklin Templeton Has Been Eyeing Tokenization for a Decade and What Comes After Money Funds | Roger Bayston
Subscribe & Listen
A 117-Year-Old Asset Manager Goes “Fully Native,” Seeing Tokenization as OS upgrade | Theo Golden
Binance Founder CZ on what it took to build the world's largest crypto exchange and stay #1
More from Talking Tokens
Why Stellar Thinks Its $4B Tokenization Milestone Is Just the Beginning
In today's episode of Talking Tokens, Jacquelyn sits down with Raja Chakravorti, Chief Business Officer at the Stellar Development Foundation, to discuss why the next phase of tokenization is about more than simply bringing assets onchain and how Stellar is building infrastructure for a more connected global financial system. Raja breaks down Stellar's growth from roughly $1 billion to $4 billion in tokenized real-world assets since January, why capital efficiency is one of blockchain's biggest potential unlocks, and what needs to happen after an asset is tokenized for it to become genuinely useful. They discuss Stellar's work with DTCC, Franklin Templeton, WisdomTree and MoneyGram, the arrival of Tether's USD₮0 on Stellar, and why stablecoins have found product-market fit for global money movement. Raja also explains why distribution and circulation could define the next wave of tokenization, how financial institutions are moving assets onchain, and why better access to financial services remains central to Stellar's mission. Timestamps 00:00 Raja Chakravorti's journey from banking to blockchain 05:17 Why access to financial services matters 08:04 What working at PayPal and Plaid taught Raja about financial infrastructure 10:31 The promise of moving financial assets onchain 11:23 What blockchain can solve for financial markets 13:19 Stellar crossing $4B in tokenized real-world assets 16:43 How big can tokenization get? 18:04 Should everything be tokenized? 18:49 Why DTCC is bringing assets to Stellar 21:54 Why financial institutions are choosing Stellar 24:32 Tether and USD₮0 come to Stellar 25:57 Why stablecoins matter for Stellar 27:49 The next frontier for tokenization 30:14 Building global financial access 32:30 What success looks like for Stellar New episodes every week https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow us Jacquelyn on X: /jacqmelinek Talking Tokens on X: /_talkingtokens Talking Tokens on Instagram: /_talkingtokens Follow Raja Chakravorti https://x.com/rajachak75 https://www.linkedin.com/in/rajachakravorti Today’s episode is sponsored by Anchorage Digital, America's first federally chartered digital asset bank and provider of regulated stablecoin issuance. To find out more, visit anchorage.com
What Hyperliquid Could Change About Traditional Markets | Jake Chervinsky
In today's episode of Talking Tokens, Jacquelyn sits down with Jake Chervinsky, founder and CEO of Hyperliquid Policy Center, to discuss how perpetual futures could move beyond crypto and what it would take to bring regulated onchain markets to the U.S Jake breaks down why 24/7 price discovery matters, how perpetual futures could complement traditional derivatives markets, and why oil could be a natural next market for onchain trading. They discuss Hyperliquid's role as infrastructure for exchanges, the potential for regulated perpetual futures in the U.S., how onchain markets could improve liquidity and price discovery, and why not every traditional market necessarily needs to trade 24/7. Timestamps 00:00 Jake Chervinsky and the Hyperliquid Policy Center 02:37 Why Jake believes in Hyperliquid 05:03 What makes Hyperliquid different 06:21 Taking perpetual futures beyond crypto 09:39 Perpetual futures explained 11:25 What 24/7 markets reveal about price discovery 13:01 Why pricing doesn't stop when markets close 14:08 Should every market trade 24/7? 16:01 Why oil could be the next market for perpetual futures 18:44 Who would use oil perpetuals? 19:18 What Hyperliquid could change about financial markets 21:00 Bringing regulated perpetual futures to the U.S. New episodes every week https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow us Jacquelyn on X: /jacqmelinek Talking Tokens on X: /_talkingtokens Talking Tokens on Instagram: /_talkingtokens Follow Jake Chervinsky https://www.linkedin.com/in/jakechervinsky https://www.linkedin.com/in/jakechervinsky This episode is sponsored by Forgd, visit its Market Maker Leaderboard on Token Relations here: www.stratamedia.co/token-relations/leaderboard Today’s episode is sponsored by Anchorage Digital, America's first federally chartered digital asset bank and provider of regulated stablecoin issuance. To find out more, visit anchorage.com This episode is brought to you by GSR, crypto’s capital markets partner, learn more at https://www.gsr.io/
Convergence Episode 1: How WisdomTree Went From $30M to $1 Billion in Onchain AUM
Today we are announcing Convergence, our new institutional product for sophisticated investors, in a joint venture between StrataMedia's Token Relations product & Talking Tokens podcast alongside The Rollup, and is presented by WisdomTree. For our debut launch, WisdomTree's Head of Digital Asset's Will Peck joins us for Episode #1 of Convergence. WisdomTree's onchain assets went from $30 million to over $1 billion, and Will Peck says money market funds did the heavy lifting. On episode one of Convergence, Will explains why tokenized funds complement stablecoins rather than compete with them, and how WisdomTree got SEC exemptive relief to let a tokenized money market fund trade 24/7 through a broker dealer. He also pushes back on the private-markets tokenization thesis, arguing illiquidity isn't a record-keeping problem. Will Peck is the Head of Digital Assets at WisdomTree, a global asset manager and ETF sponsor with roughly $170 billion in assets under management. Convergence is powered by The Rollup and StrataMedia, covering the convergence of legacy finance and onchain finance. Timestamps: 00:00 Intro 02:52 What Convergence Actually Means 04:30 Why WisdomTree Started In 2018 05:38 Exporting US Capital Markets 08:56 Institutional Versus Retail Distribution 10:32 The Innovation Exemption Explained 13:14 DTCC's Forty Firm Pilot 16:00 Three Models Of Tokenization 19:35 Why WisdomTree Chose Issuer-Led 21:10 Thirty Million To One Billion 22:45 What Drives The Next Era 25:05 Why Private Markets Aren't It 28:05 Who Wins The Tokenization Wave 30:14 The Perfect Storm For Adoption 33:08 WisdomTree's North Star New episodes every week https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow us Jacquelyn on X: /jacqmelinek Talking Tokens on X: /_talkingtokens Talking Tokens on Instagram: /_talkingtokens 𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘋𝘦𝘍𝘪 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘴 𝘤𝘰𝘮𝘦𝘴 𝘸𝘪𝘵𝘩 𝘪𝘯𝘩𝘦𝘳𝘦𝘯𝘵 𝘳𝘪𝘴𝘬𝘴 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘳𝘪𝘴𝘬, 𝘩𝘶𝘮𝘢𝘯 𝘦𝘳𝘳𝘰𝘳, 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘢𝘪𝘭𝘶𝘳𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦. 𝘈𝘵 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘱𝘰𝘪𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘸𝘦 𝘮𝘢𝘺 𝘦𝘢𝘳𝘯 𝘢 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘰𝘳 𝘧𝘦𝘦 𝘢𝘴 𝘢 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘴𝘩𝘪𝘱, 𝘪𝘧 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘤𝘢𝘴𝘦 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘢𝘭𝘸𝘢𝘺𝘴 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘪𝘵 𝘪𝘴 𝘤𝘭𝘦𝘢𝘳. 𝘞𝘦 𝘢𝘳𝘦 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘢𝘯 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮, 𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘸𝘦 𝘰𝘧𝘧𝘦𝘳 𝘪𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘦 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘴 𝘰𝘳 𝘭𝘪𝘤𝘦𝘯𝘴𝘦𝘥 𝘢𝘥𝘷𝘪𝘴𝘰𝘳𝘴.