The Defiant - DeFi Podcast 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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Sandy Kaul's Career Journey
- Sandy Kaul started her career as a reporter before moving through various finance roles and consulting on internet-based financial models.
- She joined Franklin Templeton in 2022 to lead innovation in crypto and blockchain with a vision for the future of finance.
Pioneering On-Chain Money Market Fund
- Franklin Templeton created a tokenized money market fund using blockchain to save costs and improve operations.
- In 2019, they had to build wallets, trading, and accounting systems from scratch for institutional use.
Efficiency Gains on Blockchain
- The on-chain money market fund brought great cost savings and improved accuracy with real-time shareholder records.
- It allowed immediate settlement, faster record compilation, and unlocked new financial functionalities.