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Franklin Resources is an American multinational holding company that offers a wide range of mutual funds and investment solutions.
Arthur Hayes: Money Printing Could Drive Cryptocurrency Prices Higher
Arthur Hayes stated that U.S. policymakers may support the AI industry and government debt financing through money printing, driving cryptocurrency prices higher; if China shifts from limited tightening to large-scale monetary stimulus, it could also boost demand for scarce assets. He is also monitoring financial stress in France, including BNP Paribas-related credit default swaps and French government bond spreads.Catrina Wang, General Partner at Portal Ventures, said that banks and asset management companies have advantages in on-chain financial markets thanks to their existing client relationships. Todd McDonald, co-founder of R3, pointed out that public blockchains can help institutions reach clients beyond their own networks; Justin Kugel, Executive Vice President of Growth at World Liberty Financial, said that user demand for asset management and investment evaluation still leaves room for intermediaries.Chetan Karkhanis, Senior Vice President of Digital Asset Client Relationships at Franklin Templeton, said the company has no intention of issuing its own stablecoin and hopes tokenized money market funds will provide investment returns. Haonan Li, co-founder and CEO of Codex, said that trade routes connecting Latin America, sub-Saharan Africa, and Asia are driving demand for stablecoin payments; buyers pay eastward for goods, while manufactured products flow westward.Ilya Podoynitsyn, co-founder and CEO of FinHarbor, said that before allocating to crypto assets, companies need to confirm they have long-term idle funds that will not affect daily operations. Michael Camarda, Chief Development Officer of Ethereum treasury company SharpLink, said that both buying back shares and increasing ETH holdings can raise ETH per share; the company has adopted both methods to meet the preferences of institutional and retail investors. (Cointelegraph)
Crypto liquidation platform Glacis Labs closes $6.8 million seed round, led by Lightspeed Faction.
According to The Block, crypto liquidation platform Glacis Labs announced the completion of a $6.8 million seed funding round led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures. The financing was completed in the form of equity with token warrants.
Cambrian announced the completion of a $6 million seed funding round, co-led by Franklin Templeton and Polychain Capital.
According to The Block, Cambrian, a blockchain data infrastructure startup, has announced the completion of a $6 million seed funding round co-led by Franklin Templeton and Polychain Capital. Flow Traders, Selini Capital, Paper Ventures, and Nomad Capital also participated. Angel investors include Jason Mo, Avi Felman, and Alex Lee and Willy Chuang, co-founders of TrueNorth. This round was structured as a SAFE with token warrants, and Franklin Templeton and Polychain Capital have secured board observer seats. With this round, Cambrian’s total funding raised reaches $11.9 million, including its previously announced $5.9 million pre-seed round led by a16z CSX.
Blockchain data infrastructure company Cambrian raises $6 million in seed funding, co-led by Franklin Templeton and Polychain
Odaily reports: Blockchain data infrastructure startup Cambrian has secured $6 million in seed funding, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, Nomad Capital, and others.As previously reported by Odaily, Cambrian also received a $5.9 million pre-seed investment led by the a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million.Founded in 2024, Cambrian currently offers APIs for institutions and AI agents, providing real-time and historical on-chain data covering yield, risk, lending rates, trading activity, liquidity positions, and market sentiment, helping users allocate capital on-chain. The company plans to expand its existing APIs into a verifiable blockchain data oracle network, serving institutional financial clients, AI agent builders, and protocols that require reliable data to control capital flows. Unlike traditional oracles that primarily provide price data, Cambrian aims to aggregate data from lending protocols, DEX liquidity, social sentiment, developer activity, and historical market data.According to Cambrian, its platform has processed millions of API calls, currently indexes approximately $4.5 billion in TVL across four major lending protocols, tracks 1,789 vaults managed by 895 curators, and monitors over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand trading data support by integrating Hyperliquid and richer perpetual contract data.
VanEck Tokenized Treasury Fund Integrates Euler, DeFi Platforms Accelerate Embrace of Wall Street Institutional Capital
: VanEck's tokenized U.S. Treasury fund, VBILL, has officially launched on the DeFi lending protocol Euler. The fund is issued and tokenized by Securitize. Investors can now use tokenized Treasury bonds as collateral for on-chain lending and liquidity operations, while meeting compliance restrictions.This move reflects that DeFi protocols are accelerating their transition towards institutionalization and compliance to attract traditional financial capital into the on-chain market. Data shows that the market size of tokenized U.S. Treasury bonds has surpassed $15 billion, growing approximately 150% over the past year. Traditional asset management giants such as BlackRock, Franklin Templeton, and Janus Henderson have all launched on-chain treasury or money market products.Euler has previously integrated Securitize's DS Protocol to support the inclusion of tokenized securities with investor qualification restrictions and transfer rules into its lending market. DeFi protocols like Aave are also expanding into institutional-grade RWA businesses.Institutions estimate that the market size for asset tokenization could reach $18.9 trillion by 2033. A Securitize executive stated that as traditional financial institutions enter the crypto space, DeFi protocols must find a balance between openness and compliance requirements. (CoinDesk)
ZeroHash, a cryptocurrency infrastructure company, is seeking new funding at a valuation of over $1.5 billion.
According to CoinDesk, crypto infrastructure firm Zerohash is seeking new funding at a valuation exceeding $1.5 billion. This comes after Mastercard abandoned its investment plans for Zerohash following its $1.8 billion acquisition of UK-based stablecoin infrastructure company BVNK. Founded in 2017, Zerohash provides APIs and embedded development tools to financial institutions and fintech companies, enabling support for cryptocurrencies, stablecoins, and tokenized products. The company now serves over 5 million users across 190 countries, with clients including Morgan Stanley, Stripe, Interactive Brokers, BlackRock’s BUIDL Fund, and Franklin Templeton. In September 2025, Zerohash closed its $104 million Series D-2 round, valuing the company at $1 billion at that time.
Franklin Templeton, with $1.79 trillion in AUM, explores regulatory exemptions for tokenized fund trading
Odaily News — Global investment management firm Franklin Templeton is exploring regulatory exemptions to allow tokenized money market funds and ETFs to trade through blockchain-based trading venues. On October 9, the company met with staff of the U.S. Securities and Exchange Commission (SEC) Crypto Task Force regarding legal issues including pricing, fees, and asset pools.The agenda included whether investors can exchange blockchain fund shares for tokenized National Market System (NMS) stocks through blockchain trading venues, and whether liquidity providers can charge service fees. The related issues involve pricing rules under the Investment Company Act and whether exemptions are needed.Regarding tokenized ETFs, Franklin Templeton also discussed pairing them with tokenized stocks, approved payment stablecoins, or tokenized money market funds, as well as whether liquidity pools need to obtain Investment Company regulatory exemptions. Its preliminary disclosure on September 30 listed assets under management at $1.79 trillion.Franklin Templeton's blockchain fund recordkeeping business began with the Franklin Onchain U.S. Government Money Fund launched in 2021. The BENJI token represents shares of the fund, and transferring tokens simultaneously transfers the corresponding shares, with transactions recorded and share ownership tracked by the Benji Technology Platform. (Bitcoin.com News)
Canton CEO Says Crypto Industry Should Cement Adoption by 2028 to Withstand US Policy Shifts
Canton CEO and Digital Asset co-founder and CEO Yuval Rooz said at Token2049 in Singapore that the crypto industry should leverage the current regulatory environment to accelerate institutional adoption and drive broader blockchain usage, reducing the likelihood of future governments reversing the industry's progress. He said that regardless of what happens in 2028, the industry should reach a point of "no return."Yuval Rooz compared the opportunity for blockchain adoption to Uber and Airbnb, noting that both services achieved widespread use before regulators took restrictive measures. The next US presidential election is scheduled for November 7, 2028, which could bring changes in government and regulatory priorities.In the same panel discussion, Binance co-CEO Richard Teng said he hopes the CLARITY Act ultimately becomes law, adding that legislation can prevent regulatory backtracking and drive institutions into the market. Franklin Templeton CEO Jenny Johnson said legislation would increase certainty, but the industry should not rely on the bill's passage; the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have already been advancing crypto regulation under existing authorities. (Cointelegraph)
Arthur Hayes: Money Printing Could Drive Cryptocurrency Prices Higher
Arthur Hayes stated that U.S. policymakers may support the AI industry and government debt financing through money printing, driving cryptocurrency prices higher; if China shifts from limited tightening to large-scale monetary stimulus, it could also boost demand for scarce assets. He is also monitoring financial stress in France, including BNP Paribas-related credit default swaps and French government bond spreads.Catrina Wang, General Partner at Portal Ventures, said that banks and asset management companies have advantages in on-chain financial markets thanks to their existing client relationships. Todd McDonald, co-founder of R3, pointed out that public blockchains can help institutions reach clients beyond their own networks; Justin Kugel, Executive Vice President of Growth at World Liberty Financial, said that user demand for asset management and investment evaluation still leaves room for intermediaries.Chetan Karkhanis, Senior Vice President of Digital Asset Client Relationships at Franklin Templeton, said the company has no intention of issuing its own stablecoin and hopes tokenized money market funds will provide investment returns. Haonan Li, co-founder and CEO of Codex, said that trade routes connecting Latin America, sub-Saharan Africa, and Asia are driving demand for stablecoin payments; buyers pay eastward for goods, while manufactured products flow westward.Ilya Podoynitsyn, co-founder and CEO of FinHarbor, said that before allocating to crypto assets, companies need to confirm they have long-term idle funds that will not affect daily operations. Michael Camarda, Chief Development Officer of Ethereum treasury company SharpLink, said that both buying back shares and increasing ETH holdings can raise ETH per share; the company has adopted both methods to meet the preferences of institutional and retail investors. (Cointelegraph)
Franklin Templeton Expands Tokenized Collateral Service to Bybit
Odaily News: Franklin Templeton has expanded its off-exchange collateral program to Bybit, allowing users to use their tokenized money market fund shares as collateral for crypto trading. These shares represent approximately $686 million in net assets and can be used to borrow USDT or USDC, while the underlying assets continue to generate yield.Users do not need to transfer the underlying assets to Bybit. The regulated custody platform ByCustody will hold the relevant assets off-exchange, with their value mirrored within Bybit's trading environment. Franklin Templeton has previously offered similar services to Binance and OKX users.
Franklin Templeton Receives First US Regulatory Approval to Include Tokenized Assets in Traditional Funds
According to Bloomberg, Franklin Templeton announced plans to introduce tokenized assets into traditional investment funds, stating that it has obtained the first U.S. regulatory approval permitting digital-native products for use in traditional funds. According to a letter published by the U.S. Securities and Exchange Commission (SEC), the company plans to embed its tokenized money market fund as holdings or collateral within ETFs and mutual fund products.
Franklin Templeton Becomes Canton Network Super Validator, Further Expanding Into Institutional-Grade Blockchain Infrastructure
Franklin Templeton Digital Assets stated that traditional finance and decentralized finance are converging at an accelerating pace, and institutions should not only use blockchain but also participate in its infrastructure operations. To deepen its investment in the blockchain infrastructure sector, Franklin Templeton has become a super validator of the Canton Network. The institution stated that this move will help enhance transaction security and compliance, and lay the foundation for future institutional capital on-chain.
Franklin Templeton's Two Bitcoin Dividend Reinvestment ETFs Expected to Launch Soon
Odaily reports: Bitcoin News posted on X platform that ETF analyst Nate Geraci stated that Franklin Templeton's two bitcoin dividend reinvestment ETFs, FBEQ and FIBT, are expected to launch soon. The SEC filing lists an effective registration date of October 27, though this date is not necessarily the date trading begins. Both funds target approximately 95% U.S. equity exposure and 5% bitcoin exposure, and automatically reinvest U.S. equity dividends into bitcoin exposure rather than distributing them to investors. FBEQ tracks a U.S. large-cap stock index covering approximately 500 companies, with an annual management fee of 0.09%; FIBT tracks an innovation-themed index composed of 100 U.S. companies, with an annual management fee of 0.19%.
After issuing an additional $150 million in shares, the Franklin Templeton fund on the XRP Ledger is now worth approximately $200 million
Odaily reports: Franklin Templeton on Thursday issued approximately $150 million worth of tokenized money market fund shares on the XRP Ledger, bringing the related shares on that network to nearly 193 million. At $1.039 per share as recorded in transaction records, the related shares are worth approximately $200 million in total. The new shares were issued through two subscription transactions of $75 million each, both transferred to the same wallet, which as a result holds all of the fund's shares on the XRP Ledger. On-chain records show that this wallet shares the same 8 authorized signer addresses as Franklin Templeton's issuance account, with any two addresses able to jointly approve transactions. It is currently unclear whether the wallet represents a single investor or is held by a custodian on behalf of multiple clients' assets; the identity of the relevant investors and the source of funds have not been disclosed. These tokens correspond to shares of Franklin Templeton's Singapore-registered OnChain U.S. Dollar Short-Term Money Market Fund. The fund primarily invests in short-term U.S. dollar debt and money market instruments, with returns reflected in the share price. The fund's tokenized assets on the XRP Ledger rank second in size only to Ripple's RLUSD stablecoin. Holding the related tokens requires approval from the issuer, and the issuer also retains the authority to freeze balances and claw back tokens.
Franklin Templeton Expands Tokenized Collateral Service to Bybit
Odaily News: Franklin Templeton has expanded its off-exchange collateral program to Bybit, allowing users to use their tokenized money market fund shares as collateral for crypto trading. These shares represent approximately $686 million in net assets and can be used to borrow USDT or USDC, while the underlying assets continue to generate yield.Users do not need to transfer the underlying assets to Bybit. The regulated custody platform ByCustody will hold the relevant assets off-exchange, with their value mirrored within Bybit's trading environment. Franklin Templeton has previously offered similar services to Binance and OKX users.
Yesterday, Ethereum spot ETFs saw a net inflow of $22.58 million.
According to data from Trader T (@thepfund), yesterday’s Ethereum spot ETFs recorded net inflows of $22.58 million, a marked improvement from the $4.93 million net outflow on June 12. Among them, BlackRock’s ETHA saw inflows of $17.62 million—accounting for over 70% of total inflows—and delivered the strongest performance. Grayscale’s mini-ETH ETF recorded inflows of $3.12 million, while Grayscale’s ETHE saw $1.77 million in inflows. Fidelity’s FETH, Bitwise’s ETHW, 21Shares’ TETH, Invesco’s QETH, Franklin Templeton’s EZET, and VanEck’s ETHV all registered zero inflows on the day.
Yesterday, Bitcoin spot ETFs saw a net outflow of $64.84 million.
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $64.84 million yesterday. Grayscale’s GBTC alone saw a single-day outflow of $124 million, dragging down overall performance; BlackRock’s IBIT posted the strongest inflow at $66.45 million, followed by Morgan Stanley’s MSBT ($9.35 million) and Grayscale’s Mini BTC ($10.6 million); Fidelity’s FBTC recorded an outflow of $8.69 million, VanEck’s HODL $6.13 million, Ark Invest’s ARKB $6.63 million, and Franklin Templeton’s EZBC $5.78 million.
Goldman Sachs Liquidates XRP and Solana ETF Positions in Q1, Still Holds Over $700 Million in Bitcoin ETFs
Goldman Sachs significantly reduced its crypto ETF exposure in the first quarter of 2026 and has completely exited its holdings in XRP and Solana-related ETFs.Filings show that in the fourth quarter of 2025, Goldman Sachs held approximately $154 million in XRP-related ETFs, including products from Bitwise, Franklin Templeton, Grayscale, and 21Shares, making it one of the largest institutional holders of XRP ETFs at the time. Additionally, the firm previously held Solana-related ETFs such as the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund, all of which have now been fully sold off.However, Goldman Sachs still retains substantial holdings in BTC and ETH ETFs. Specifically, it holds approximately $690 million in BlackRock's IBIT and about $25 million in Fidelity's FBTC, though both positions were reduced by roughly 10% compared to the previous quarter. Meanwhile, its holding in BlackRock's ETHA shrank by about 70%, leaving approximately 7.2 million shares valued at around $114 million.Furthermore, Goldman Sachs increased its holdings in crypto-related stocks such as Circle, Galaxy Digital, Coinbase, Robinhood, and PayPal, while reducing positions in mining and infrastructure companies like Strategy, Bit Digital, Riot Platforms, and IREN. (Cointelegraph)
Franklin Templeton CEO Criticizes Competitors' Tokenized Funds as "Lacking Substance"
According to CryptoBriefing, Franklin Templeton CEO Jenny Johnson stated at the TOKEN2049 Singapore conference that most competing tokenized funds on the market are merely "digital twins" of traditional products and do not truly leverage the efficiency advantages of blockchain. In contrast, Franklin Templeton's BENJI fund uses a public blockchain as its native ledger layer, supports per-second yield accrual, and incurs transaction costs of just $1.13 per trade, far lower than the approximately $150 typical of traditional methods.
Arthur Hayes: Money Printing Could Drive Cryptocurrency Prices Higher
Arthur Hayes stated that U.S. policymakers may support the AI industry and government debt financing through money printing, driving cryptocurrency prices higher; if China shifts from limited tightening to large-scale monetary stimulus, it could also boost demand for scarce assets. He is also monitoring financial stress in France, including BNP Paribas-related credit default swaps and French government bond spreads.Catrina Wang, General Partner at Portal Ventures, said that banks and asset management companies have advantages in on-chain financial markets thanks to their existing client relationships. Todd McDonald, co-founder of R3, pointed out that public blockchains can help institutions reach clients beyond their own networks; Justin Kugel, Executive Vice President of Growth at World Liberty Financial, said that user demand for asset management and investment evaluation still leaves room for intermediaries.Chetan Karkhanis, Senior Vice President of Digital Asset Client Relationships at Franklin Templeton, said the company has no intention of issuing its own stablecoin and hopes tokenized money market funds will provide investment returns. Haonan Li, co-founder and CEO of Codex, said that trade routes connecting Latin America, sub-Saharan Africa, and Asia are driving demand for stablecoin payments; buyers pay eastward for goods, while manufactured products flow westward.Ilya Podoynitsyn, co-founder and CEO of FinHarbor, said that before allocating to crypto assets, companies need to confirm they have long-term idle funds that will not affect daily operations. Michael Camarda, Chief Development Officer of Ethereum treasury company SharpLink, said that both buying back shares and increasing ETH holdings can raise ETH per share; the company has adopted both methods to meet the preferences of institutional and retail investors. (Cointelegraph)
Goldman Sachs Connects $100 Billion Treasury Fund FTIXX to Lynq
Odaily News: Goldman Sachs' $100 billion treasury fund FTIXX has launched on Lynq as the first external fund, providing institutional digital asset companies with access to a traditional treasury fund.Unlike BlackRock's BUIDL and Franklin Templeton's BENJI, FTIXX will not be tokenized, with Lynq serving merely as a new distribution channel for the existing fund. Lynq clients can park cash in FTIXX between trades to earn yield until the funds are needed for other purposes. (CoinDesk)
Franklin Templeton: Institutional capital is driving the convergence of TradFi and DeFi
According to a video released by Franklin Templeton Digital Assets, its Chief Investment Officer for Crypto Seth Ginns stated that institutional investors are focusing on the convergence trend between traditional finance (TradFi) and decentralized finance (DeFi).
Franklin Templeton Partners with HashKey to Launch Tokenized Money Market Fund in Asia
According to The Block, Franklin Templeton has partnered with HashKey Exchange in Hong Kong to launch the Franklin OnChain U.S. Government Liquidity Fund on its Earn channel, offering tokenized money market fund products to professional investors across Asia. The fund primarily invests in U.S. government money market instruments and USD cash assets, and is not currently available to the retail public in Hong Kong. Franklin Templeton stated that both parties plan to expand their cooperation from tokenized money market funds to more tokenized products in the future, leveraging HashKey’s multi-jurisdictional platforms covering Hong Kong, Singapore, Tokyo, Dubai, and Bermuda to drive distribution. Previously, the firm launched Hong Kong's first tokenized money market fund in November 2025. Data shows that as of August 23, the global tokenized RWA asset market reached $38.2 billion, with tokenized U.S. Treasuries accounting for approximately $15.6 billion.
RWA DeFi Deposits Surpass $3.98 Billion, 6x Growth in One Year
According to Cryptopolitan, data from the on-chain data platform DefiLlama shows that as of August 18, the active deposit size of Real World Assets (RWA) in DeFi protocols has reached $3.98 billion, representing an approximately 6-fold increase compared to $651 million a year ago; three years ago, this figure was only $12 million. The current total issuance of tokenized RWA is $34.55 billion, but the actual on-chain utilization rate is only about 11.5%. Of this, private credit accounts for over half of the active total with $2.13 billion, bonds contribute $799 million, and reinsurance contributes $406 million. In contrast, the utilization rate of tokenized treasury bonds is extremely low—BlackRock BUIDL issuance reaches $2.74 billion, but on-chain deployment is only $18 million, with a utilization rate of only 0.66%; Franklin Templeton BENJI utilization rate is zero. Analysis points out that such products are designed specifically for institutional cash management, where holders pursue treasury yields rather than lending capabilities; tokenization only improves settlement efficiency and does not convert them into collateral.
Related news
Uber Joins Blockchain Investment Pilot with HSBC, Franklin Templeton, and Other Institutions
Uber recently participated in a blockchain investment pilot involving institutions such as HSBC and Franklin Templeton. Using HSBC's tokenized deposits, Uber purchased tokenized money market fund shares issued by Franklin Templeton on Thursday and sold them on Sunday, earning an extra 1.5 days of yield. The model enables fund investment and settlement via public chains, allowing companies to avoid having to sell assets before banks and markets close on Friday as they would under traditional methods. The pilot also involved Tradeweb and Fireblocks, with liquidity and settlement provided by Canton Network.Corporations are seeking to improve treasury management yields while reducing reliance on overdraft facilities and credit lines. Fireblocks CEO Michael Shaulov expects hundreds of large enterprises to adopt this model within the next 18 months. HSBC said the pilot has verified the technical feasibility, and the related services are now ready to be promoted and scaled to other clients. (Bloomberg)
Franklin Templeton Launches Two Blended U.S. Equity and Bitcoin ETFs with Initial 5% Bitcoin Exposure
According to a Franklin Templeton announcement on October 29, the firm has launched two ETFs that combine U.S. equity and bitcoin investments: the Franklin U.S. Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin U.S. Innovation Bitcoin DRIP Index ETF (FIBT), both of which will list on Nasdaq.Both funds employ a rules-based dividend reinvestment strategy, with an initial asset allocation of 95% U.S. equity index exposure and 5% bitcoin exposure, systematically reinvesting dividends generated by the underlying stocks into bitcoin. The relevant indices assess the bitcoin allocation ratio quarterly to maintain its positioning as a secondary asset allocation. FBEQ tracks approximately 500 large-cap U.S. listed companies with an annual expense ratio of 0.09%, while FIBT tracks 100 large-cap non-financial U.S. companies listed on Nasdaq with an annual expense ratio of 0.19%.
Franklin Templeton's Two Bitcoin Dividend Reinvestment ETFs Expected to Launch Soon
Odaily reports: Bitcoin News posted on X platform that ETF analyst Nate Geraci stated that Franklin Templeton's two bitcoin dividend reinvestment ETFs, FBEQ and FIBT, are expected to launch soon. The SEC filing lists an effective registration date of October 27, though this date is not necessarily the date trading begins. Both funds target approximately 95% U.S. equity exposure and 5% bitcoin exposure, and automatically reinvest U.S. equity dividends into bitcoin exposure rather than distributing them to investors. FBEQ tracks a U.S. large-cap stock index covering approximately 500 companies, with an annual management fee of 0.09%; FIBT tracks an innovation-themed index composed of 100 U.S. companies, with an annual management fee of 0.19%.
Franklin Templeton to Launch Dividend Reinvestment Bitcoin ETF Targeting a 5% BTC Allocation
According to U.S. SEC filings, Franklin Templeton has registered two index ETFs that reinvest stock dividends into Bitcoin for Nasdaq listing, namely the Franklin US Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin US Innovation Bitcoin DRIP Index ETF (FIBT).
After issuing an additional $150 million in shares, the Franklin Templeton fund on the XRP Ledger is now worth approximately $200 million
Odaily reports: Franklin Templeton on Thursday issued approximately $150 million worth of tokenized money market fund shares on the XRP Ledger, bringing the related shares on that network to nearly 193 million. At $1.039 per share as recorded in transaction records, the related shares are worth approximately $200 million in total. The new shares were issued through two subscription transactions of $75 million each, both transferred to the same wallet, which as a result holds all of the fund's shares on the XRP Ledger. On-chain records show that this wallet shares the same 8 authorized signer addresses as Franklin Templeton's issuance account, with any two addresses able to jointly approve transactions. It is currently unclear whether the wallet represents a single investor or is held by a custodian on behalf of multiple clients' assets; the identity of the relevant investors and the source of funds have not been disclosed. These tokens correspond to shares of Franklin Templeton's Singapore-registered OnChain U.S. Dollar Short-Term Money Market Fund. The fund primarily invests in short-term U.S. dollar debt and money market instruments, with returns reflected in the share price. The fund's tokenized assets on the XRP Ledger rank second in size only to Ripple's RLUSD stablecoin. Holding the related tokens requires approval from the issuer, and the issuer also retains the authority to freeze balances and claw back tokens.
Franklin Templeton plans to launch two hybrid ETFs combining U.S. stocks and Bitcoin, with 95% allocated to stocks and 5% to Bitcoin.
According to Crypto Briefing, asset management firm Franklin Templeton plans to launch two ETFs that combine exposure to U.S. stocks and Bitcoin, with an initial asset allocation of 95% U.S. stocks and 5% Bitcoin, tracking the S&P 500 and Nasdaq 100 indices, respectively.