A dense 24-hour news cycle brought fresh filings, earnings, market calls and regulatory signals across crypto and adjacent tech markets. Fidelity filed an amended registration statement with the U.S. Securities and Exchange Commission on Aug. 11 to add ETH staking to its spot Ethereum ETF, the Fidelity Ethereum Fund (FETH). Under normal conditions, the fund said it could stake as much as 100% of the ETH it holds, with no minimum staking threshold, and its investment objective would change to include staking rewards if approved. Elsewhere, some existing Anthropic investors said the AI company could be valued at more than $2 trillion if it goes public as early as October, with one investor putting the upside case at $3 trillion based on a roughly 30x revenue multiple. The estimates remain investor forecasts, and several investors said Anthropic management has not set an IPO valuation target. The session also featured quarterly updates from Bullish, BitGo and Securitize, new SEC steps around tokenized fund operations and tokenized equities, ETF flow data for Bitcoin and Ethereum products, and a series of policy, infrastructure and security developments spanning Europe, the U.K., Brazil and the U.S.

The U.S. Securities and Exchange Commission's Division of Investment Management has issued a no-action letter to Franklin Templeton, permitting its registered funds to use the on-chain money market fund FOBXX, also known as BENJI, to manage cash and collateral via blockchain instead of following traditional custody rules. The letter, issued under Section 17(f) of the Investment Company Act of 1940 and Rule 17f-2, allows registered funds to hold FOBXX shares without satisfying certain physical vault requirements. This supports intraday trading, hourly net asset value calculations, and faster transaction processing. FOBXX primarily invests in U.S. government securities, aims to maintain a stable share price of $1, and has expanded to multiple blockchains. The development was reported by CoinDesk.

The U.S. Securities and Exchange Commission's Division of Investment Management has issued a no-action letter to FTDA_US, according to a post on X from a reporter who covers cryptocurrency for Fox Business. The letter opens the door for FTDA_US's registered funds to manage their cash using Franklin Templeton's on-chain money market fund, FOBXX. The permission also extends to collateral related to securities lending. Under the exemption, Franklin Templeton is allowed to custody the fund shares and record ownership through the company's blockchain-integrated system. This means the firm does not have to comply with certain traditional rules that were drawn up for physical securities. Franklin Templeton said the arrangement can support intraday trading, hourly net asset value calculations, and faster processing of trades. The news was shared by the Fox Business reporter on X, citing the SEC's investment management division. The division's no-action letter is specific to FTDA_US and Franklin Templeton's FOBXX fund.

Franklin Templeton has added its BENJI tokenized money market fund to MoonPay Trade, allowing institutions to swap stablecoins such as USDC and USDT for BENJI through an on-chain platform.

Payward, Kraken's parent company, partners with Franklin Templeton to develop tokenized investment products. The xStocks framework will host actively managed strategies, while BENJI tokens integrate into Kraken for institutional collateral and yield.

RWAs are becoming a major blockchain trend. This article breaks down how tokenization works, where RWAs are used today, which networks lead the market, and what risks still limit adoption.

Franklin Templeton’s onchain U.S. government money market fund has reached $1.98 billion in AUM on Stellar, underscoring rising adoption of tokenized traditional financial products on blockchain rails.

Franklin Templeton, with $1.7T AUM, acquires 250 Digital from Coinfund to launch Franklin Crypto, offering active management strategies for institutional investors amid market correction.