• Key insight: Franklin Templeton has been actively launching crypto projects since 2021, while most banks have been waiting to enter the decentralized finance space.
• Expert quote: “There’s a potential threat to banks if they’re still working with a model of the world or of competition that’s been rendered out of date by technology and the world revolving around them.” —Robert Crossley, Franklin Templeton’s global head of industry and digital advisory services

The genteel, 75-year-old investment firm Franklin Templeton was named after Benjamin Franklin “because Franklin espoused frugality and prudence when it came to saving and investing,” according to Wikipedia.
It was a traditional Wall Street firm until 2018, when it began internal…