Franklin Templeton launches tokenized ETFs trading 24/7 in crypto wallets
Franklin Templeton, a $1.68 trillion asset manager, has launched tokenized ETFs that can be traded 24/7 directly from crypto wallets. This move blurs the line between traditional finance and Web3, allowing investors to trade fund shares around the clock without waiting for market hours.
Franklin Templeton has introduced tokenized ETFs that can be traded 24 hours a day, seven days a week. These ETFs are represented as tokens on a blockchain, allowing investors to trade them at any hour from compatible crypto wallets. The firm has been expanding its presence in blockchain-native finance, having launched its Benji Technology Platform in 2021. This platform hosted the first US-registered money market fund on a blockchain. Franklin Templeton's move into tokenized ETFs is seen as a structural shift in how capital markets function, with potential benefits for institutional investors. The firm has partnered with Binance to allow tokenized fund shares to be used as collateral for institutional trades.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.