Wu Blockchain (@WuBlockchain): Franklin Templeton Plans to Integrate Tokenized Assets Into Traditional Funds

Franklin Templeton Plans to Integrate Tokenized Assets Into Traditional Funds Franklin Templeton plans to integrate tokenized assets into traditional investment funds after receiving SEC clearance for digitally native products to be used within conventional funds. The firm intends to use its tokenized money market fund, Franklin OnChain U.S. Government Money Fund (BENJI), as a holding or collateral asset within ETFs and mutual funds. The move could take effect as early as Q4 and expands Franklin’s blockchain strategy from issuing tokenized versions of traditional assets to using tokenized assets in fund management. Franklin currently manages about $2.6 billion in tokenized money market fund assets and plans to launch additional tokenized products that could be used as cash or collateral across its fund lineup.