Franklin Templeton just asked the SEC the billion-dollar question:

Can tokenized money market funds trade in pairs with tokenized stocks without needing 1940 Act relief?

Meeting happened Oct 9 with the SEC Crypto Task Force.

This is massive for TradFi × DeFi convergence. If they get the green light, we're looking at:

• Tokenized treasuries trading against tokenized equities
• Real liquidity bridges between RWAs
• Institutional money flowing through on-chain rails

Franklin's already deep in with $BENJI and tokenized funds. They're not asking hypotheticals—they're building the infrastructure.

Watch this space. Regulatory clarity here = floodgates for institutional capital into tokenized assets.