Franklin Templeton Partners With Ondo to Bring 5 Tokenized ETFs On-Chain

Franklin Templeton, one of the world’s largest asset managers with $1.7 trillion under management, has partnered with Ondo Finance (ONDO) to tokenize five exchange-traded funds (ETFs) for round-the-clock trading through crypto wallets.

This removes the time constraints of traditional market hours. The partnership places US equities, fixed income, and gold exposure on blockchain rails through Ondo Global Markets. 

“This marks the first time these tokenized FT-managed products are on-chain,” Ondo wrote.

The five newly tokenized ETFs include:

• Franklin Focused Growth ETF
• Franklin Income Equity Focus ETF
• Franklin High Yield Corporate ETF
• Franklin Responsibly Sourced Gold ETF
• Franklin US Large Cap Multifactor Index ETF

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According to Bloomberg, the initial rollout will target Europe, Asia-Pacific, the Middle East, and Latin America. Franklin Templeton noted that a US launch hinges on further regulatory clarity around on-chain distribution of registered funds by third parties.

Ondo Finance has established a dominant position in the tokenized equities sector. Data from RWA.xyz shows the platform holds roughly 60% market share, managing around $2.68 billion in distributed asset value across 265 tokenization projects.

The platform’s adoption metrics have continued to climb. Ondo currently counts 86,987 holders, a figure that rose 11.39% over the past 30 days. Monthly transfer volume stands at $2.44 billion, up 7.27%.

Notably, the news also had a positive impact on the price. BeInCrypto Markets data showed that ONDO rose nearly 6% over the 24 hours, outpacing the broader market’s 0.5% uptick. At press time, the altcoin traded at $0.26.