
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

How Injective Is Building Financial Markets Onchain
In today's episode of Talking Tokens, Jacquelyn sits down with Eric Chen, co-founder and CEO of Injective Labs, the team behind the Injectivea blockchain built for financial applications, to discuss what comes next for tokenization, onchain finance and institutional adoption. Eric explains why simply tokenizing assets isn't enough, where he sees the biggest opportunities for bringing financial markets onchain, and how Injective is building infrastructure for advanced financial products. They also discuss RWA perpetual markets, tokenized stocks, capital formation, institutional adoption, AI agents and the future of blockchain & powered financial infrastructure. Timestamps 00:00 Intro 00:58 How Eric Chen Started Injective 03:07 Should Founders Still Drop Out of College? 05:27 Why AI Reminds Eric of Early Crypto 07:24 The Security Problem AI Can't Solve 09:27 Injective's Vision for Onchain Finance 11:21 Why Tokenization Is Accelerating 12:31 What Injective's Transfer Agent Registration Enables 14:32 $215M in RWA Perpetual Volume 16:33 Are Perpetual Markets the Future of RWAs? 17:52 Why Tokenizing Assets Isn't Enough 20:16 What's Moving Onchain Faster Than Expected 21:45 What Institutions Are Building on Injective 24:25 What Makes an Asset Useful Onchain? 27:21 Will Onchain Finance Compete With Banks? 27:52 Why Institutional Tokenization Is Accelerating 29:08 What Should Actually Move Onchain? 31:14 What Enterprises Want From Blockchain 33:48 Will Blockchain Become Invisible Infrastructure? 35:37 What Onchain Finance Could Look Like in 5–10 Years 37:26 What Injective Got Wrong 38:29 What Eric Is Watching Next 39:00 AI Agents Move From Analysis to Execution (timestamp needs verification) 41:27 What Eric Won't Trust AI With 41:40 Eric's Advice for Builders 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 sponsored by Forgd, visit its Market Maker Leaderboard on Token Relations here: www.stratamedia.co/token-relations/leaderboard New episodes every week https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow Jacquelyn Jacquelyn on X: /jacqmelinek Talking Tokens on X: /_talkingtokens Talking Tokens on Instagram: /_talkingtokens Follow Eric Chen https://www.linkedin.com/in/eric-chen-b12255421 https://x.com/ericinjective?lang=en

Why Banks Risk More by Ignoring Stablecoins
In today's episode of Talking Tokens, Jacquelyn sits down with Sergio Mello, Global Head of Digital Asset Infrastructure, and Kevin Wysocki, Head of Policy at Anchorage Digital, to discuss why stablecoins are moving deeper into the institutional financial system and what banks need to build for the next phase of adoption. They explore why institutions are shifting from asking if they should participate to how and when, whether stablecoins could become a global settlement layer, why every bank could eventually become a digital asset bank, and how tokenization, stablecoins, and AI banking could converge into a fundamentally different financial system. Timestamps 00:00 Intro 00:34 What Changed for Institutional Crypto? 02:34 Why Banks Need to Start Building Now 05:16 The Second Era of Stablecoins 07:42 The Risk of Ignoring Stablecoins 08:56 TradFi and Crypto Are Converging 10:02 Stablecoins vs. Tokenization 13:02 The Trillion-Dollar Tokenized Money Opportunity 13:38 What GENIUS Could Unlock for Banks 16:10 Stablecoins and Dollar Dominance 18:28 Could Other Currencies Move Onchain? 20:06 When Stablecoins Become Normal Financial Infrastructure 21:37 Are Stablecoins Inevitable? 23:13 Anchorage Digital's Role in Stablecoin Infrastructure 26:57 Will Every Bank Become a Digital Asset Bank? 30:29 Why “Tomorrow Is Late” 30:59 What's Slowing Institutional Adoption? 34:07 When Stablecoins Become Invisible 35:45 Stablecoins Meet AI Banking 36:45 What Happens When Everything Connects? 38:17 What Comes Next for Crypto Regulation? 39:59 The Invisible Future of Onchain Finance 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 sponsored by Binance, the world’s number-one crypto exchange, trusted by over 300 million people. Discover more at: https://binance.onelink.me/y874/talkingtokens . NOTE: Binance is not available in certain countries, including the U.S.; check its Terms for more information: https://www.binance.com/en/terms New episodes every week https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow Jacquelyn Melinek https://x.com/jacqmelinek?lang=en https://www.linkedin.com/in/jacquelynmelinek Follow Sergio & Kevin https://x.com/sergiofly?lang=en https://x.com/KevWysocki #Stablecoins #AnchorageDigital #Tokenization #DigitalAssets #TalkingTokens

Talking Tokens | Inside the Future of Onchain Finance
Talking Tokens goes beyond the headlines to explore the people, ideas, and infrastructure shaping the onchain economy. Hosted by Jacquelyn Melinek, founder and CEO of StrataMedia and former senior crypto reporter at TechCrunch, Talking Tokens brings you twice-weekly conversations with founders, investors, market makers, institutional leaders, and experts across digital assets and traditional finance. From crypto and DeFi to stablecoins, tokenization, institutional adoption, and the convergence of TradFi and onchain finance, we break down where money is moving, what’s gaining real traction, what’s mostly hype, and what could reshape the future of finance. New episodes every week https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141 Follow Jacquelyn Melinek https://x.com/jacqmelinek?lang=en https://www.linkedin.com/in/jacquelynmelinek #TalkingTokens #OnchainFinance #Crypto #DigitalAssets #DeFi