
Franklin Templeton states it is partnering with Ondo Finance to offer tokenized ETFs tradable 24/7 through crypto wallets, with added DeFi collateral functionality and blockchain-based access.
Franklin Templeton officially announced a partnership with Ondo Finance to tokenize its existing ETFs for 24/7 blockchain-based trading through crypto wallets. The product will also allow the tokenized ETF positions to be used as collateral in DeFi, expanding functionality beyond wallet-based access. The update adds new detail to earlier reporting that the offering is aimed initially at non-U.S. investors seeking exposure to U.S. stocks, bonds and gold, while U.S. availability remains dependent on regulatory clarity around onchain distribution of registered funds. Franklin Templeton says it oversees $1.7 trillion in assets.