An overhaul of financial market infrastructure is set to occur, according to Franklin Templeton innovation head Sandy Kaul  — and likely faster than many people expect. 

“I think our entire product suite will be onchain at some point in the future,” she told me. “It is simply [about], ‘What is the migration path to getting there?’”

Financial institutions, central banks and corporations using account-based infrastructure are set to move to wallet-based systems on top of blockchains for efficiency and other benefits, Kaul argued. 

Estimates that the roughly $240 billion stablecoin market could increase by 10 times over the next several years might be…

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