Max Gokhman, Franklin Templeton | The Mistake Most Investors Are Still Making

“Digital Assets are not a monolith.”   In this episode of Searching for Mana, Lloyd Wahed is joined by Max Gokhman, Deputy CIO at Franklin Templeton Investment Solutions   Digital assets are often framed through cycles of hype and volatility. But from an institutional perspective, the more relevant question is whether something more structural is taking place beneath the surface. Max argues that the current moment is better understood as a dislocation - one that resembles earlier periods of technological change, where new infrastructure quietly reshapes how markets operate.   Rather than viewing digital assets as a single category, the conversation breaks down the different roles emerging across the ecosystem. From Ethereum as a form of infrastructure exposure, to Solana as a new model for global transactions, and tokenisation as a way to unlock access and liquidity across traditional asset classes.   They explore how institutions are approaching this shift in practice, where the real utility is already visible, and why much of the noise in the market obscures a more fundamental change.   Max also reflects on how to navigate this environment as an allocator, the importance of distinguishing between narrative and structure, and what it means to invest in a market that is still being built in real time.   Please like & subscribe!   Franklin Templeton Digital Assets: https://x.com/FTDA_US   Lloyd Wahed: https://x.com/LloydWahed   Apple: https://podcasts.apple.com/gb/podcast/searching-for-mana-with-lloyd-wahed/id1491460738   Spotify: https://open.spotify.com/show/3HmB7fS60zRSvWq3sQgj3X?si=424419d0a6b749f4