Franklin Templeton Teams With Ondo Finance to Offer Tokenized ETFs for 24/7 Wallet Trading

Franklin Templeton has partnered with Ondo Finance to roll out tokenized ETF products that can trade around the clock through crypto wallets, Bloomberg reported. The initial launch will target Europe, Asia-Pacific, the Middle East and Latin America, with a U.S. debut dependent on further regulatory progress. The lineup includes five tokenized funds spanning strategies tied to U.S. equities, gold and high-yield bonds. Ondo Finance will provide 24/7 liquidity. Holders receive rights to the products' earnings rather than direct ownership of the underlying assets, and the tokens can also be used in DeFi applications such as collateral. Ondo Finance manages about $2.7 billion in tokenized assets, while Franklin Templeton oversees roughly $1.7 trillion in total assets.