TREE NEWS update: Franklin Templeton plans to use its tokenized money market fund, Franklin Onchain U.S. Government Money Fund (BENJI), as holdings or collateral in ETFs and mutual funds, involving about $2.6 billion in assets, potentially starting in Q4. The SEC has granted a no-action position allowing this structure, pending board approvals. The firm manages over 130 ETFs and $82 billion in ETF assets.
Franklin Templeton Gets SEC No-Action Nod to Use BENJI in ETFs
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
8m ago
US Judge Allows Pentagon to Fire Three Stars and Stripes Journalists
2h ago
US judge extends ban on new mail-in voting rules
2h ago
Meta sued over smart glasses biometric data collection
2h ago
X wins early round in trademark fight over Twitter revival
5h ago
Pineapple Financial to tokenize $10B mortgages on Injective
5h ago
FinCEN: $13B in crypto scams tied to non-US operations