Franklin Templeton is putting its $1.7 trillion weight behind Ondo to bring 24/7 stock trading to the blockchain
Franklin Templeton is partnering with Ondo Finance to tokenize traditional investment products for 24/7 trading on the blockchain.Summary
Franklin Templeton, managing $1.7 trillion in assets, is collaborating with Ondo Finance to integrate tokenized traditional investment products, like stocks and ETFs, onto the Ondo Global Markets blockchain platform. This initiative aims to expand access to U.S. markets for digital investors by allowing them to hold tokens representing these assets in digital wallets, bypassing traditional brokerage accounts and operating outside limited market hours. The partnership also includes plans for educational programs targeting crypto-native users. This move reflects a growing trend among large asset managers exploring blockchain infrastructure for product distribution, although it faces regulatory scrutiny regarding cross-border treatment of tokenized securities and competition from other firms entering the tokenization space.
(Source：CoinDesk)