Another important step for tokenized finance. 👀
The SEC’s no-action letter gives Franklin Templeton more room to use its on-chain $FOBXX money market fund for managing cash and collateral.
Instead of relying entirely on legacy custody workflows, blockchain can now play a bigger role behind the scenes.
The real impact may be less about headlines and more about traditional funds gradually adopting on-chain infrastructure. 🔗
The SEC’s no-action letter gives Franklin Templeton more room to use its on-chain $FOBXX money market fund for managing cash and collateral.
Instead of relying entirely on legacy custody workflows, blockchain can now play a bigger role behind the scenes.
The real impact may be less about headlines and more about traditional funds gradually adopting on-chain infrastructure. 🔗