Franklin Templeton backs Ondo for blockchain stock trading

Franklin Templeton, managing $1.7 trillion, is partnering with Ondo Finance to bring tokenized traditional investment products to the blockchain. This collaboration aims to bridge conventional finance with crypto infrastructure by issuing tokens backed by real-world assets like stocks and ETFs. The initiative seeks to expand market access, offering 24/7 trading and potentially reducing friction for investors. While this move highlights the growing trend of asset managers exploring blockchain, it also presents regulatory and competitive challenges as tokenized securities gain traction.