
The Defiant Every Company Will Be a Crypto Company: Expert Insights with Sandy Kaul from Franklin Templeton
Jun 13, 2025
Sandy Kaul, Head of Innovation at Franklin Templeton, discusses how traditional finance is evolving with crypto. She highlights groundbreaking projects like onchain money market funds and explores the transformative potential of DeFi in supply chain and asset management. Kaul also addresses the obstacles posed by regulation and the exciting future of integrated financial services, emphasizing that every company could soon embrace crypto as a standard. Tune in for insights into the innovative landscape reshaping global finance.
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New Functionalities of On-Chain Funds
- On-chain money market funds can calculate shareholder yield per second and pay out daily, including weekends.
- Peer-to-peer token transfers make fund shares as liquid and transferable as Venmo payments.
DeFi Use Cases in Supply Chains
- DeFi can streamline supply chain payments by automating immediate fund transfers upon confirmed delivery.
- Tokenized money market funds may enable efficient cross-border payments within global enterprises, bypassing traditional banking inefficiencies.
Tokenized Funds vs. Stablecoins
- Tokenized money market funds offer regulatory transparency, high-quality assets, and full yield pass-through unlike stablecoins.
- However, they require KYC/AML and cannot be transferred as freely as stablecoins like USDC.

