Franklin Templeton Brings Five ETFs onto Blockchain in Major Industry Move

Franklin Templeton, a leading asset manager, has made a significant move by partnering with Ondo Finance to bring five ETFs onto the blockchain. The funds will be available for trading on public blockchains, allowing holders to access their investments 24/7 without traditional brokerage accounts.

The partnership marks a major step towards integrating traditional finance with blockchain technology. The five ETFs cover various asset classes, including U.S. equities, large-cap multifactor exposure, responsibly sourced gold, high-yield corporate debt, and income equity.

Ondo Finance will structure the exposure through a Special Purpose Vehicle that acquires the ETF shares and issues blockchain tokens representing rights to the return stream. Each token is backed 1:1 by securities held at U.S.-registered broker-dealers.