Franklin Templeton Gets SEC Clearance to Add BENJI to ETFs

Franklin Templeton gets SEC clearance to add BENJI to ETFs

Franklin Templeton has secured U.S. regulatory clearance that could place its $726 million tokenized money-market fund inside conventional mutual funds and ETFs as early as the fourth quarter. SEC clearance allows Franklin funds to hold BENJI The U.S. Securities and…

Franklin Plans to Push Tokenized Assets Into Traditional Funds

Franklin Templeton SEC Clearance for Tokenized Funds

San Mateo-based Franklin Templeton won SEC clearance to embed its blockchain money fund inside traditional ETFs and mutual funds.

Franklin Templeton Eyes ETFs for Tokenized Money Market Fund

TLDR Franklin Templeton received SEC staff relief to let eligible funds invest in its blockchain-based OnChain U.S. Government Money Fund. The tokenized fund could support cash management and securities lending collateral within traditional investment portfolios. Franklin Templeton said the structure could eventually bring tokenized assets into ETFs and mutual funds. The OnChain Fund uses Stellar as its main public blockchain, while Franklin Te…

Franklin Templeton Wins SEC Relief to Bring Tokenized Cash Into Traditional Funds

Franklin Templeton won SEC staff relief that could allow its traditional investment funds to use a blockchain-based money market fund for cash management and collateral, Bloomberg reported. The relief gives Franklin’s conventional funds a way to invest in the Franklin OnChain U.S. Government Money Fund, known as BENJI. The SEC stressed that the letter is not formal approval and applies only to the specific arrangement and conditions outlined in …