Franklin Templeton partners with Ondo Finance to offer 24/7 tokenized ETFs

Core Viewpoint - Franklin Templeton is set to launch tokenized exchange-traded funds (ETFs) that will trade 24/7 through crypto wallets, in partnership with Ondo Finance, marking a significant shift in the investment landscape [1][4]. Group 1: Company Overview - Franklin Templeton, founded in 1947, manages over $1.7 trillion in assets as of January 31 [2]. - The firm aims to attract new-age investors who prefer trading through crypto wallets rather than traditional broker accounts [5]. Group 2: Tokenization and ETFs - Tokenization involves converting real-world assets into tradable tokens using blockchain technology, making assets fractional and accessible for continuous trading [3]. - The tokenized ETFs will initially be available in Europe, Asia-Pacific, the Middle East, and Latin America, with U.S. availability contingent on regulatory clarity [5]. Group 3: Specific ETFs - The tokenization initiative will focus on five specific funds: - Franklin Focused Growth ETF (FFOG) - a growth-oriented U.S. equity fund - Franklin U.S. Large Cap Multifactor Index ETF (FLQL) - a systematic large-cap equity fund - Franklin Responsibly Sourced Gold ETF (FGDL) - a gold fund - Franklin High Yield Corporate ETF (FLHY) - a high-yield corporate bond fund - Franklin Income Equity Focus ETF (INCE) - an income-focused U.S. equity strategy [6].