Franklin Templeton: Plans to incorporate tokenized assets into traditional funds

According to Bloomberg, Franklin Templeton announced plans to introduce tokenized assets into traditional investment funds and stated that it has obtained the first regulatory approval in the United States to allow digital native products for traditional funds.

According to a letter published by the U.S. Securities and Exchange Commission (SEC), the company intends to embed its tokenized money market fund as holdings or collateral within ETF and mutual fund products.