Franklin taps blockchain to offer yield on idle payroll funds
From Cointelegraph
May 19, 2025 10:00 am:
Franklin introduces Payroll Treasury Yield, a new initiative allowing companies to earn returns on idle payroll funds using blockchain lending protocols and DeFi. The solution integrates Summer.fi, offering an alternative to traditional treasury tools like T-bills and EWA platforms. Interest in yield-generating strategies within the crypto sector is rising, with Solv Protocol launching a Bitcoin token on Avalanche blockchain. Regulatory frameworks may push banks to the background as technology replaces traditional payment methods. Smart contracts and market fluctuations pose risks, but Franklin aims to mitigate them with audited contracts and overcollateralized lending.
Read more at Cointelegraph: Franklin taps blockchain to offer yield on idle payroll funds