Franklin Templeton Prepares to Bring Tokenized Assets Into Traditional Funds
JH Kim
Summary
- Franklin Templeton is preparing to introduce tokenized assets into traditional investment funds.
- Franklin Templeton plans to use money-market fund (MMF) tokens as assets and collateral for exchange-traded funds (ETFs) and mutual funds.
- That would allow existing investors to add tokenized assets to their portfolios through ETFs or mutual funds without buying them separately.
Forecast Trend Report by Period
Franklin Templeton is preparing to introduce tokenized assets into traditional investment funds, Bloomberg reported on August 20.
The firm plans to use money-market fund, or MMF, tokens as assets and collateral for exchange-traded funds and mutual funds.
That would let existing investors gain exposure to tokenized assets through ETFs or mutual funds without buying the assets separately.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.