Franklin Templeton Plans to Bring Tokenized Assets Into Traditional Funds

Franklin Templeton is preparing to bring tokenized assets into traditional investment funds. The company said its digital-native products would be allowed for use in traditional funds for the first time after approval from the U.S. Securities and Exchange Commission. According to a public SEC letter and information disclosed by company executives, the firm plans to use its tokenized money market fund in ETFs and mutual funds. It could be held as a fund asset or used as collateral.