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Franklin Templeton tokenizes ETFs with Ondo Finance
The Block·
Franklin Templeton is venturing into blockchain technology by partnering with Ondo Finance to tokenize five equity and gold ETFs. This move signifies a growing interest from traditional financial institutions in leveraging distributed ledger technology for asset management. The collaboration aims to bring traditional financial products onto the blockchain, potentially enabling 24/7 trading and increased efficiency. This initiative by a major asset manager like Franklin Templeton could pave the way for broader adoption of tokenized assets within the mainstream financial market.
Tags
fintech
crypto
tokenization
Original Source
The Block — theblock.co