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✅ Franklin Templeton obtained an SEC no-action letter (no-action relief). It plans to tokenize the approximately $2.6 billion BENJI money market fund as holdings/collateral, to be included in ETFs and mutual funds. The launch is expected as early as Q4, but approval is still required from the boards of each fund.
The company manages 130+ ETFs (about $82 billion in ETF assets), and mutual fund assets of approximately $790 billion. The tokenized assets market has already exceeded $38 billion.
#RWA #Tokenization #FranklinTempleton #SEC
✅ Franklin Templeton obtained an SEC no-action letter (no-action relief). It plans to tokenize the approximately $2.6 billion BENJI money market fund as holdings/collateral, to be included in ETFs and mutual funds. The launch is expected as early as Q4, but approval is still required from the boards of each fund.
The company manages 130+ ETFs (about $82 billion in ETF assets), and mutual fund assets of approximately $790 billion. The tokenized assets market has already exceeded $38 billion.
#RWA #Tokenization #FranklinTempleton #SEC