Franklin Templeton exec says digital wallets will hold 'totality' of people's assets

Speaking at the Ondo Summit, Franklin Templeton's head of innovation, Sandy Kaul, stated that the next evolution of asset management will be "wallet-native," envisioning a future where all financial assets like stocks and bonds are represented and managed through tokenized digital wallets. Panelists from Fidelity, State Street, and WisdomTree agreed that tokenization has moved past theory, with infrastructure now in place, but cautioned that the biggest hurdles are now building ecosystem utility and establishing trust through education. State Street highlighted tokenized funds as a solution to liquidity crises, while WisdomTree compared the current tokenization wave to the introduction of ETFs, suggesting tokenized products will eventually just work better and become seamlessly integrated into finance.

(Source：CoinDesk)