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#secissuesnoactionlettertofranklintempleton

secissuesnoactionlettertofranklintempleton

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๐Ÿšจ The SEC just let a Wall Street giant keep a 726 million dollar money market fund on public blockchains. No press conference. No ETF hype. Just a letter. On August 12 the SEC's Division of Investment Management issued a no-action letter to Franklin Templeton. In plain English: โœ… Franklin's ordinary mutual funds and ETFs can now hold its OnChain U.S. Government Money Fund โ€” ticker FOBXX, nicknamed BENJI โœ… The blockchain record runs alongside the official books, with the transfer agent still holding the master record โœ… Relief from parts of the 1940 Act custody rules, written decades before public blockchains existed. BENJI holds around 726 million dollars, mostly on Stellar, and has since expanded to Ethereum and Solana. The conditions are strict: a separate wallet per fund, daily reconciliation, board oversight, three independent audits a year. Why this matters more than another ETF headline: An ETF puts crypto inside the old system. This puts the old system on chain โ€” hourly NAV, intraday settlement, tokenized cash management, inside a registered fund. One honest caution: a no-action letter is staff enforcement posture. It is not a rule, not formal approval, and it can be narrowed later. Tokenized real-world assets have been the "next year" story since 2021. This is the boring paperwork that quietly makes it this year. Which matters more over five years โ€” spot ETFs, or tokenized funds? ๐Ÿ‘‡ $BTC $ETH #SECIssuesNoActionLetterToFranklinTempleton
๐Ÿšจ The SEC just let a Wall Street giant keep a 726 million dollar money market fund on public blockchains.

No press conference. No ETF hype. Just a letter.
On August 12 the SEC's Division of Investment Management issued a no-action letter to Franklin Templeton. In plain English:
โœ… Franklin's ordinary mutual funds and ETFs can now hold its OnChain U.S. Government Money Fund โ€” ticker FOBXX, nicknamed BENJI โœ… The blockchain record runs alongside the official books, with the transfer agent still holding the master record โœ… Relief from parts of the 1940 Act custody rules, written decades before public blockchains existed.

BENJI holds around 726 million dollars, mostly on Stellar, and has since expanded to Ethereum and Solana.
The conditions are strict: a separate wallet per fund, daily reconciliation, board oversight, three independent audits a year.
Why this matters more than another ETF headline: An ETF puts crypto inside the old system. This puts the old system on chain โ€” hourly NAV, intraday settlement, tokenized cash management, inside a registered fund.

One honest caution: a no-action letter is staff enforcement posture. It is not a rule, not formal approval, and it can be narrowed later.
Tokenized real-world assets have been the "next year" story since 2021. This is the boring paperwork that quietly makes it this year.
Which matters more over five years โ€” spot ETFs, or tokenized funds? ๐Ÿ‘‡

$BTC $ETH #SECIssuesNoActionLetterToFranklinTempleton
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#secissuesnoactionlettertofranklintempleton Franklin Templeton getting an SEC no-action letter for their blockchain fund signals a shift in institutional attitudes. This could open floodgates for crypto in traditional finance, driving liquidity and altering asset dynamics. Keep an eye on how this plays out.$JTO $DRAMB $LITEB
#secissuesnoactionlettertofranklintempleton Franklin Templeton getting an SEC no-action letter for their blockchain fund signals a shift in institutional attitudes. This could open floodgates for crypto in traditional finance, driving liquidity and altering asset dynamics. Keep an eye on how this plays out.$JTO $DRAMB $LITEB
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๐Ÿšจ #SECIssuesNoActionLetterToFranklinTempleton $BTC {future}(BTCUSDT) SEC issued a no-action letter clearing Franklin Templeton's traditional funds to hold shares of its blockchain-based Franklin OnChain U.S. Government Money Fund (BENJI/FOBXX) โ€” without meeting physical-vault custody rules designed for paper securities. ๐Ÿ” What it solves: Under the 1940 Act, funds needed specific physical custody for securities. BENJI's records live on blockchain (Stellar, Ethereum, Solana), creating a mismatch old rules never anticipated. This builds on a 1992 precedent. ๐Ÿ“Š Why "no-action letter" matters: Not a law โ€” just SEC staff saying they won't recommend enforcement under specific conditions. Narrower than legislation, but faster and immediately practical. ๐Ÿ”‘ Bigger than one fund: BENJI invests 99.5%+ in government securities, not crypto โ€” boring infrastructure, just tokenized. Could become a template other asset managers follow. ๐Ÿ“Œ My take: "Boring but important" regulatory plumbing โ€” won't move BTC price today, but shows TradFi adapting to blockchain, one carve-out at a time. โš ๏ธ Not financial or legal advice. ๐Ÿ“Œ New to Binance? Join: https://www.binance.com/register?ref=779682229 #crypto #Tokenization #SEC #BinanceSquare
๐Ÿšจ #SECIssuesNoActionLetterToFranklinTempleton

$BTC


SEC issued a no-action letter clearing Franklin Templeton's traditional funds to hold shares of its blockchain-based Franklin OnChain U.S. Government Money Fund (BENJI/FOBXX) โ€” without meeting physical-vault custody rules designed for paper securities.

๐Ÿ” What it solves: Under the 1940 Act, funds needed specific physical custody for securities. BENJI's records live on blockchain (Stellar, Ethereum, Solana), creating a mismatch old rules never anticipated. This builds on a 1992 precedent.

๐Ÿ“Š Why "no-action letter" matters: Not a law โ€” just SEC staff saying they won't recommend enforcement under specific conditions. Narrower than legislation, but faster and immediately practical.

๐Ÿ”‘ Bigger than one fund: BENJI invests 99.5%+ in government securities, not crypto โ€” boring infrastructure, just tokenized. Could become a template other asset managers follow.

๐Ÿ“Œ My take: "Boring but important" regulatory plumbing โ€” won't move BTC price today, but shows TradFi adapting to blockchain, one carve-out at a time.

โš ๏ธ Not financial or legal advice.

๐Ÿ“Œ New to Binance? Join: https://www.binance.com/register?ref=779682229

#crypto #Tokenization #SEC #BinanceSquare
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๐Ÿšจ SEC OPENS A NEW DOOR FOR TOKENIZED FUNDS The SEC has issued a no-action letter to Franklin Templeton, creating a pathway for its registered mutual funds and ETFs to hold shares of the firm's blockchain-based OnChain U.S. Government Money Fund (FOBXX/BENJI) under specified conditions. The interesting part? ๐Ÿ‘€ This isn't about putting Bitcoin into a traditional fund. It's about using blockchain infrastructure for a regulated money-market fund that invests primarily in U.S. government securities. The bigger market signal: tokenization is moving deeper into traditional asset management. For spot-focused investors watching $BTC, $ETH and $BNB, this is another development worth monitoringโ€”but not a reason to chase volatility. #secissuesnoactionlettertofranklintempleton
๐Ÿšจ SEC OPENS A NEW DOOR FOR TOKENIZED FUNDS
The SEC has issued a no-action letter to Franklin Templeton, creating a pathway for its registered mutual funds and ETFs to hold shares of the firm's blockchain-based OnChain U.S. Government Money Fund (FOBXX/BENJI) under specified conditions.
The interesting part? ๐Ÿ‘€
This isn't about putting Bitcoin into a traditional fund.
It's about using blockchain infrastructure for a regulated money-market fund that invests primarily in U.S. government securities.
The bigger market signal: tokenization is moving deeper into traditional asset management.
For spot-focused investors watching $BTC, $ETH and $BNB, this is another development worth monitoringโ€”but not a reason to chase volatility.

#secissuesnoactionlettertofranklintempleton
#SECIssuesNoActionLetterToFranklinTempleton The SEC just gave a huge green light to crypto tech in big finance. They told Franklin Templeton that regular mutual funds are allowed to buy into their blockchain-based money fund (called FOBXX). This is a big deal because it connects old-school Wall Street with new digital tech. ------------------------------ ## ๐Ÿ“Š What Happened? * Big Approval: Regular funds can now hold tokenized digital shares just like cash. * The Tech: The fund lives on the Stellar blockchain network. * Faster Trading: Instead of waiting days, funds can trade and settle instantly during the day. * Real Use: This moves crypto tech out of the "test phase" and into the real world for big banks.
#SECIssuesNoActionLetterToFranklinTempleton
The SEC just gave a huge green light to crypto tech in big finance.
They told Franklin Templeton that regular mutual funds are allowed to buy into their blockchain-based money fund (called FOBXX).
This is a big deal because it connects old-school Wall Street with new digital tech.
------------------------------
## ๐Ÿ“Š What Happened?

* Big Approval: Regular funds can now hold tokenized digital shares just like cash.
* The Tech: The fund lives on the Stellar blockchain network.
* Faster Trading: Instead of waiting days, funds can trade and settle instantly during the day.
* Real Use: This moves crypto tech out of the "test phase" and into the real world for big banks.
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๐Ÿšจ BIG SIGNAL FOR TOKENIZATION: The SEC has issued a no-action letter for Franklin Templetonโ€™s on-chain money market fund. The relief could allow registered mutual funds and ETFs to hold the on-chain fund under specific conditions, addressing custody concerns. This matters beyond Franklin Templeton: it strengthens the case for regulated, blockchain-based financial products and shows U.S. regulators are creating pathways for assets to move on-chain. The bigger trend is clearโ€”tokenization is moving toward institutional infrastructure. Expect attention on RWAs, Treasury funds, stablecoins and 24/7 settlement. This could be another step for crypto adoption. ๐Ÿ”ฅ #SECIssuesNoActionLetterToFranklinTempleton #RWA #Tokenization #Bitcoin #IntelCEOToBuy$12MInShareOffering
๐Ÿšจ BIG SIGNAL FOR TOKENIZATION:
The SEC has issued a no-action letter for Franklin Templetonโ€™s on-chain money market fund. The relief could allow registered mutual funds and ETFs to hold the on-chain fund under specific conditions, addressing custody concerns. This matters beyond Franklin Templeton: it strengthens the case for regulated, blockchain-based financial products and shows U.S. regulators are creating pathways for assets to move on-chain. The bigger trend is clearโ€”tokenization is moving toward institutional infrastructure. Expect attention on RWAs, Treasury funds, stablecoins and 24/7 settlement. This could be another step for crypto adoption. ๐Ÿ”ฅ

#SECIssuesNoActionLetterToFranklinTempleton #RWA #Tokenization #Bitcoin #IntelCEOToBuy$12MInShareOffering
#SECIssuesNoActionLetterToFranklinTempleton The hashtag appears to refer to a new SEC no-action letter to Franklin Templeton dated August 12, 2026. The SECโ€™s Division of Investment Management said it would not recommend enforcement action if certain Franklin Templeton funds invest in shares of the Franklin OnChain U.S. Government Money Fund without complying with parts of Rule 17f-2, provided the arrangement follows the representations in Franklinโ€™s request. (sec.gov) In plain English: this is staff relief, not a new SEC rule or formal approval. A no-action letter means SEC staff are saying they would not recommend enforcement under the specific facts presented. The SECโ€™s no-action framework is published on its no-action letters page, and the Franklin Templeton letter is listed there as an Investment Management staff letter. (sec.gov) The letter centers on custody/recordkeeping for fund investments tied to Franklinโ€™s blockchain-enabled money market fund. According to the SEC posting, Franklin said the fundโ€™s transfer agent maintains the official ownership record using a proprietary system integrated with blockchain or distributed ledger technology. (sec.gov) Why people care: it may reduce regulatory friction for using tokenized or blockchain-based fund infrastructure inside traditional registered fund structures. That said, the letter is narrow and fact-specific, so it should be read as a limited staff position rather than a blanket green light for all tokenized fund products. This last point is an inference from the nature of SEC no-action letters and the letterโ€™s described scope. (sec.gov) If you want, I can break down: what the letter means for tokenized funds, the key legal issue around Section 17(f) / Rule 17f-2, or the possible market relevance for on-chain RWAs and crypto.$SECZ.US {stock_us}(SECZ.US)
#SECIssuesNoActionLetterToFranklinTempleton The hashtag appears to refer to a new SEC no-action letter to Franklin Templeton dated August 12, 2026. The SECโ€™s Division of Investment Management said it would not recommend enforcement action if certain Franklin Templeton funds invest in shares of the Franklin OnChain U.S. Government Money Fund without complying with parts of Rule 17f-2, provided the arrangement follows the representations in Franklinโ€™s request. (sec.gov)

In plain English: this is staff relief, not a new SEC rule or formal approval. A no-action letter means SEC staff are saying they would not recommend enforcement under the specific facts presented. The SECโ€™s no-action framework is published on its no-action letters page, and the Franklin Templeton letter is listed there as an Investment Management staff letter. (sec.gov)

The letter centers on custody/recordkeeping for fund investments tied to Franklinโ€™s blockchain-enabled money market fund. According to the SEC posting, Franklin said the fundโ€™s transfer agent maintains the official ownership record using a proprietary system integrated with blockchain or distributed ledger technology. (sec.gov)

Why people care: it may reduce regulatory friction for using tokenized or blockchain-based fund infrastructure inside traditional registered fund structures. That said, the letter is narrow and fact-specific, so it should be read as a limited staff position rather than a blanket green light for all tokenized fund products. This last point is an inference from the nature of SEC no-action letters and the letterโ€™s described scope. (sec.gov)

If you want, I can break down:
what the letter means for tokenized funds,
the key legal issue around Section 17(f) / Rule 17f-2, or
the possible market relevance for on-chain RWAs and crypto.$SECZ.US
SECZUS-21.50%
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#secissuesnoactionlettertofranklintempleton JUST IN: SEC waives 1940s custody rules to let Franklin Templeton's blockchain fund sit inside regular mutual funds. Rules written for paper certificates in physical VAULTS were deemed unnecessary for BENJI, Franklin's $726 MILLION onchain money fund. The approval gives traditional Franklin funds access to faster transaction processing and more frequent pricing through the blockchain.$LITEB $ATM $CRDOB
#secissuesnoactionlettertofranklintempleton JUST IN: SEC waives 1940s custody rules to let Franklin Templeton's blockchain fund sit inside regular mutual funds. Rules written for paper certificates in physical VAULTS were deemed unnecessary for BENJI, Franklin's $726 MILLION onchain money fund. The approval gives traditional Franklin funds access to faster transaction processing and more frequent pricing through the blockchain.$LITEB $ATM $CRDOB
SEC just handed Franklin Templeton a no-action letter โ€” bigger than an ETF: traditional registered funds can now invest directly in onchain money market fundย FOBXX (BENJI)ย for cash management, including as securities-lending collateral. Think: tokenized fund shares held on-chain (Stellar is the main network) instead of legacy physical-securities rules โ€” intraday trading, hourly NAV, faster settlement. FOBXX is one of the largest tokenized money funds (~$1B+ AUM). This is RWA โ†’ TradFi going from pilot to production. After DTCC's tokenized securities launch in July, another institutional brick in the wall. #secissuesnoactionlettertofranklintempleton #USJulyCPI&PPIDueThisWeek #MUFGToUseBlockchainForJGBSettlement #USJulyCPIEasesLiftingFedRateHoldBets #SouthKoreanSharesRiseThirdDay $XAU $BTC $XRP
SEC just handed Franklin Templeton a no-action letter โ€” bigger than an ETF: traditional registered funds can now invest directly in onchain money market fund FOBXX (BENJI) for cash management, including as securities-lending collateral.

Think: tokenized fund shares held on-chain (Stellar is the main network) instead of legacy physical-securities rules โ€” intraday trading, hourly NAV, faster settlement.

FOBXX is one of the largest tokenized money funds (~$1B+ AUM). This is RWA โ†’ TradFi going from pilot to production. After DTCC's tokenized securities launch in July, another institutional brick in the wall.

#secissuesnoactionlettertofranklintempleton #USJulyCPI&PPIDueThisWeek #MUFGToUseBlockchainForJGBSettlement #USJulyCPIEasesLiftingFedRateHoldBets #SouthKoreanSharesRiseThirdDay $XAU $BTC $XRP
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#hyperliquidseeksusperpetualcontractmarket Hyperliquid ($HYPE ) is quietly building a legal path into the US perpetual futures market โ€” the last big market it still can't touch. The vehicle:ย Hyperliquid Policy Center (HPC)ย , a lobbying arm funded by the Hyper Foundation, now working Washington D.C. to shape a regulatory framework for compliant on-chain perps. {future}(HYPEUSDT) Where things stand ๐Ÿ’ฅMay 29, 2026:ย CFTC approved the first US-listed perpetual contractย with policy guidance on perp listings, no-action letters, and 24/7 trading/clearing โ€” the first official acknowledgment of perps' role in price discovery. ๐Ÿ’ฅJuly 9, 2026:ย HPC andย Phantom jointly filed comments to the CFTCย asking that pure on-chain software builders not be forced to register as brokers/exchanges โ€” and to codify Phantom's no-action relief into formal rule. ๐Ÿ’ฅCFTC Chair Michael Seligย confirmed at Consensus Miamiย the agency wants to formalize a developer-friendly stance into law, mirroring the SEC's direction. ๐Ÿ’ฅLong road ahead:ย US users are still blocked; this is groundwork, not a launch. CFTC rulemaking takes quarters. ๐Ÿ’ฅPositioning vs volume:ย Despite $218B monthly volume,ย open interest fell to $2.3Bย โ€” traders are active but not accumulating exposure. HYPE faces resistance atย $66.83. ๐Ÿ’ฅPolitical risk:ย The Senate "Clarity Act" path could stall on ethics fights tied to the Trump family's crypto ties โ€” if it slips, everything slows. #USJulyCPI&PPIDueThisWeek #SouthKoreaExpandsVASPReviewToMajorShareholders #SamsungSKHynixLeadSeoulRally #SECIssuesNoActionLetterToFranklinTempleton
#hyperliquidseeksusperpetualcontractmarket

Hyperliquid ($HYPE ) is quietly building a legal path into the US perpetual futures market โ€” the last big market it still can't touch. The vehicle: Hyperliquid Policy Center (HPC) , a lobbying arm funded by the Hyper Foundation, now working Washington D.C. to shape a regulatory framework for compliant on-chain perps.

Where things stand

๐Ÿ’ฅMay 29, 2026: CFTC approved the first US-listed perpetual contract with policy guidance on perp listings, no-action letters, and 24/7 trading/clearing โ€” the first official acknowledgment of perps' role in price discovery.
๐Ÿ’ฅJuly 9, 2026: HPC and Phantom jointly filed comments to the CFTC asking that pure on-chain software builders not be forced to register as brokers/exchanges โ€” and to codify Phantom's no-action relief into formal rule.
๐Ÿ’ฅCFTC Chair Michael Selig confirmed at Consensus Miami the agency wants to formalize a developer-friendly stance into law, mirroring the SEC's direction.

๐Ÿ’ฅLong road ahead: US users are still blocked; this is groundwork, not a launch. CFTC rulemaking takes quarters.
๐Ÿ’ฅPositioning vs volume: Despite $218B monthly volume, open interest fell to $2.3B โ€” traders are active but not accumulating exposure. HYPE faces resistance at $66.83.
๐Ÿ’ฅPolitical risk: The Senate "Clarity Act" path could stall on ethics fights tied to the Trump family's crypto ties โ€” if it slips, everything slows.

#USJulyCPI&PPIDueThisWeek #SouthKoreaExpandsVASPReviewToMajorShareholders #SamsungSKHynixLeadSeoulRally #SECIssuesNoActionLetterToFranklinTempleton
$APR USDT SHORT SETUP #APR is up nearly 94% in 24h and trading well below the $0.6325 high. After such an aggressive move, rejection around the current zone could offer a short opportunity. {future}(APRUSDT) Entry: $0.4750โ€“$0.4900 TP1: $0.4400 TP2: $0.4000 TP3: $0.3720 SL: $0.5150 Watch volume and confirmation before entering. This is a high-volatility setup, so manage risk carefully. #USJulyCPI&PPIDueThisWeek #SECIssuesNoActionLetterToFranklinTempleton
$APR USDT SHORT SETUP

#APR is up nearly 94% in 24h and trading well below the $0.6325 high. After such an aggressive move, rejection around the current zone could offer a short opportunity.


Entry: $0.4750โ€“$0.4900
TP1: $0.4400
TP2: $0.4000
TP3: $0.3720
SL: $0.5150

Watch volume and confirmation before entering. This is a high-volatility setup, so manage risk carefully.

#USJulyCPI&PPIDueThisWeek #SECIssuesNoActionLetterToFranklinTempleton
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#samsungskhynixleadseoulrally ย โ€” Samsung & SK Hynix Drag Seoul Into a Technical Bull Market The short version:ย On August 13, the KOSPI surgedย +3.56%ย to close atย 6,813.34ย โ€” a fourth straight green session โ€” with Samsung Electronics up +4.89% and SK Hynix +5.92% (touching +7.4% intraday). From the July 30 bottom, the index has recovered roughlyย 22โ€“23%ย , officially flipping into a technical bull market just ten sessions after entering bear territory. What to watch Whether Samsung and SK Hynix can hold gains for a third straight session, whether USD/KRW drops back under 1,415, and whether KOSDAQ starts closing the gap with KOSPI. The fundamentals are solid, but the ยฑ20% swings in ten sessions are leverage doing the talking โ€” chase the top carefully. Article compiled from August 13, 2026 data. Not investment advice. $SKHY $SAMSUNG $SOXL #SheinSaidToLaunchHKIPOSubscriptionAroundAug20 #USJulyCPI&PPIDueThisWeek #SECIssuesNoActionLetterToFranklinTempleton #IntelCEOToBuy$12MInShareOffering
#samsungskhynixleadseoulrally โ€” Samsung & SK Hynix Drag Seoul Into a Technical Bull Market

The short version: On August 13, the KOSPI surged +3.56% to close at 6,813.34 โ€” a fourth straight green session โ€” with Samsung Electronics up +4.89% and SK Hynix +5.92% (touching +7.4% intraday). From the July 30 bottom, the index has recovered roughly 22โ€“23% , officially flipping into a technical bull market just ten sessions after entering bear territory.

What to watch

Whether Samsung and SK Hynix can hold gains for a third straight session, whether USD/KRW drops back under 1,415, and whether KOSDAQ starts closing the gap with KOSPI. The fundamentals are solid, but the ยฑ20% swings in ten sessions are leverage doing the talking โ€” chase the top carefully.

Article compiled from August 13, 2026 data. Not investment advice.

$SKHY $SAMSUNG $SOXL #SheinSaidToLaunchHKIPOSubscriptionAroundAug20 #USJulyCPI&PPIDueThisWeek #SECIssuesNoActionLetterToFranklinTempleton #IntelCEOToBuy$12MInShareOffering
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