In brief
- Franklin Templeton argues that legacy payment networks are structurally unfit for agentic AI.
- The firm emphasizes that blockchains provide a critical “speed gap” advantage.
- Sandy Kaul contends that capturing the full economic value of the AI revolution requires investing in the underlying cryptocurrencies like Solana and Ethereum.
Sandy Kaul, Head of Digital Assets and Innovation at Franklin Templeton, has a message for anyone who thinks buying Nvidia stock covers their AI exposure: It doesn’t.
Kaul published a paper Tuesday arguing that agentic AI—software that acts, pays, and decides on your behalf without checking with you at every step—will run on crypto rails, not Wall Street ones. Franklin Templeton manages nearly $1.8…
