Franklin Templeton Wins SEC Staff Relief for Its $721M Onchain Fund
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Franklin Templeton plans to place tokenized assets into its conventional mutual funds and ETFs after SEC staff cleared the firm eight days earlier to hold its $721 million blockchain-based money market fund in those portfolios. The firm calls the relief the first US regulatory clearance for digitally native products, a development that could accelerate crypto adoption, tokenized assets integration and institutional ETF and mutual fund exposure.
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Franklin Templeton is preparing to put tokenized assets inside its conventional mutual funds and ETFs, Bloomberg reported on Thursday, eight days after SEC staff cleared the firm to hold its $721 million blockchain-based money market fund in those portfolios.
Franklin characterizes relief as the first US regulatory clearance for digitally native products inside conventional funds.
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