Franklin Templeton Is Bringing Its ETFs Tracking Stocks, Gold On-Chain For The First Time

Core Insights - Ondo Finance has partnered with Franklin Templeton to tokenize the asset manager's exchange-traded funds (ETFs) [1] - This initiative represents the first instance of tokenized Franklin Templeton-managed ETFs being available on-chain [2] - Franklin Templeton will continue to manage the ETFs, while Ondo Finance will handle the tokenization infrastructure and digital distribution [2] Group 1: Tokenization and Market Position - The tokenized ETFs will be accessible through Ondo Global Markets, which is noted as the world's largest tokenized securities platform, boasting over $700 million in total value locked [2] - Ondo Finance has a significant presence in the tokenization space, with its total value of tokenized offerings, including U.S. treasuries, stablecoins, and stocks, exceeding $2.6 billion [3] Group 2: Previous Ventures and Market Activity - Franklin Templeton has prior experience in tokenization, having launched tokenized U.S. dollar money market funds in collaboration with Ripple for accredited investors of DBS Group Holdings [3] - As of the latest data, Ondo's cryptocurrency, ONDO, is trading at $0.2605, reflecting a 1.27% increase in the last 24 hours, although it has seen a year-to-date decline of 27% [4]