Franklin Templeton Completes $1.5B CFO Financing for Private Markets

The size of the facility underscores how mainstream asset managers are scaling private-market balance sheets, not just launching tokenized pilots. Tokenization's real test is whether this capital eventually reaches on-chain vehicles, or stays in traditional wrappers. For RWA builders, the relevant signal is institutional willingness to fund alternatives at scale; whether that translates into tokenized allocations remains the open question.