Franklin Templeton exec says all assets will be stored in digital wallets

Sandy Kaul, head of innovation at global asset manager Franklin Templeton, said at the Ondo Summit that digital wallets will store all of people's assets in the future. She predicted that "wallet-based" investment, where most financial assets are stored and managed in tokenized digital wallets, will become key. Kaul emphasized that the next step in asset management is not just digitalization but a method optimized for wallets. Executives from Franklin Templeton, Fidelity, State Street, and WisdomTree who gathered at the summit warned that while tokenization itself is past the theoretical stage, the biggest future obstacles will be trust, education, and practical utility.