All Episodes

June 13, 2025 56 mins

What happens when traditional finance and decentralized finance collide? Join us in this insightful interview with Sandy Kaul, Head of Innovation at Franklin Templeton, as we explore the firm’s groundbreaking crypto experiments, DeFi-enabled opportunities, and the future of tokenized money market funds. 

Key Topics Covered 

  • Franklin Templeton’s onchain money market fund 

  • How evolving crypto infrastructure is reshaping TradFi 

  • New TradFi products enabled by crypto 

  • Tokenization vs. stablecoins 

  • Supply chain and enterprise resource management powered by DeFi 

  • Regulation, obstacles, and the merging of TradFi and DeFi 

Get a front-row seat to how one of the world’s leading financial institutions is driving innovation in the space.

Chapters:

00:00 Defiant Intro

01:04 Introduction to Sandy Kaul, Head of Innovation at Franklin Templeton

06:56 Franklin Templeton experimenting with crypto to save costs

08:11 Franklin Templeton’s onchain money market fund

09:26 Evolving crypto infrastructure from 2019 to today

11:42 What do institutions look for when planning to launch a product onchain?

13:41 Choosing blockchains based on use cases

16:15 Three new TradFi offerings enabled by crypto

19:56 Additional applications for DeFi: supply chain management

21:56 Additional applications for DeFi: enterprise resource management systems

22:49 Tokenized money market funds vs. stablecoins

25:11 Product bundles and asset classes

28:31 Obstacles to offering more crypto products

31:26 What clarity are you looking to regulation for?

34:16 Complex DeFi products being accepted in TradFi 

35:13 DeFi and TradFi need to support one another

37:04 Regulation will open up new pools of assets and value 

38:56 What will the merging of TradFi and crypto look like?

41:10 Will the back of house for these firms move onchain?

42:55 Consumer demand for crypto products

47:15 Payments outside of fiat

48:34 Incorporating crypto into Franklin Templeton model portfolios

50:35 What is the demand for current crypto offerings?

54:30 What does success look like for Franklin Templeton?

55:30 Closing Remarks

Mark as Played

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