Franklin introduces Payroll Treasury Yield to optimize idle payroll funds into yield-generating assets. By partnering with Summer.fi, a DeFi lending platform, companies can benefit from yields while retaining full custody of their payroll capital, utilizing audited smart contracts.
Positioned as a modern alternative, Franklin’s offering contrasts with traditional treasury management tools. According to Megan Knab, CEO of Franklin, such on-chain payroll products could revolutionize payments and potentially diminish the traditional banking model.
Leave a Reply