Franklin Templeton Says XRP Will Boom When Companies Actually Start Using It

Bayston warned that the $2.1 trillion private credit market showing 9.2% default rates with firms like Blackstone facing $6.5 billion in redemptions signals broader economic concerns that could delay digital asset adoption.“Most institutional players want institutional quality custody,” Bayston said. The commodity designation allows custodians to understand what they need to build toward and which assets require focus.The framework gives legacy custodians like Northern Trust, State Street, and Citi clarity ...