"Ondo Finance, in partnership with Franklin Templeton, is tokenizing five ETFs, marking the first time that tokenized FT-managed ETFs are available onchain. This initiative introduces new distribution channels for established asset classes."
"The structure converts brokerage-style ownership into wallet-based access by issuing tokenized representations of ETF shares, allowing investors to hold these assets directly in crypto wallets rather than through intermediaries."
"Tokenized ETFs can be traded continuously outside standard exchange hours, including weekends, while also enabling self-custody through digital wallets instead of broker-held accounts."
"The onchain format allows these assets to function within decentralized finance systems, where they may be used as collateral without requiring liquidation, signaling a shift in global asset distribution."
Ondo Finance announced a partnership with Franklin Templeton to tokenize five ETFs, enabling onchain access to traditional financial instruments. Franklin Templeton manages the underlying funds while Ondo provides the tokenization framework. This initiative allows investors to hold tokenized ETF shares directly in crypto wallets, removing constraints of legacy markets. The tokenized ETFs can be traded continuously and used as collateral in decentralized finance systems, marking a significant shift in global asset distribution and access to established asset classes.
Read at news.bitcoin.com
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