SEC Allows Franklin Templeton Funds to Invest in On-Chain Money Market Fund

cryptonews.ruPublicado em 2026-08-13Última atualização em 2026-08-13

Resumo

The U.S. Securities and Exchange Commission (SEC) has granted Franklin Templeton a no-action letter, permitting its funds to invest in the firm's own tokenized money market fund, the Franklin OnChain U.S. Government Money Fund. The fund invests in U.S. government securities and aims to maintain a stable $1 per share value. The SEC also allowed Franklin Templeton Investor Services (FTIS) to act as custodian for the tokenized fund's private keys without adhering to traditional physical safekeeping rules. This decision follows Franklin Templeton's formal request. The firm manages $2.5 billion in on-chain assets through tokenized funds and ranks fifth among major tokenized asset managers. The SEC's approval comes with 12 specific conditions, including requirements for systems to prevent unauthorized asset disposition and for FTIS to maintain administrative controls for correcting, freezing, transferring, and restoring records. This move aligns with Franklin Templeton's recent expansion into digital assets, including launching a dedicated crypto unit and acquiring digital asset manager 250 Digital.

Franklin Templeton has received regulatory permission to invest in its own blockchain-based money market fund, subject to certain restrictions and without applying the physical asset custody rules.

On Wednesday, the U.S. Securities and Exchange Commission (SEC) issued a no-action letter stating it would not take enforcement action if Franklin Templeton fund managers invest in the Franklin OnChain U.S. Government Money Fund—a tokenized income-generating fund investing in U.S. government securities and aiming to maintain a net asset value of $1 per share.

The SEC also permitted the affiliated transfer agent Franklin Templeton Investor Services (FTIS) to act as custodian for the tokenized funds and hold their private keys without complying with existing physical custody rules. This followed Franklin Templeton's formal no-action request submitted earlier on Wednesday.

Franklin Templeton manages $2.5 billion in on-chain assets through tokenized funds and ranks fifth among the largest tokenized asset management companies, according to RWA.xyz data.

In June, the asset management firm launched a separate crypto asset division and acquired crypto asset management company 250 Digital, expanding its presence in the crypto market and the tokenization segment.

The SEC's letter lists 12 conditions. Among them are requirements for Franklin Templeton to maintain systems preventing unauthorized disposal of assets and for FTIS to ensure administrative controls, including the ability to correct, freeze, transfer, and restore records.

Magazine: How Hong Kong is making tokenized bonds real market infrastructure

Perguntas relacionadas

QWhat specific type of approval did Franklin Templeton receive from the SEC?

AThe SEC issued a no-action letter, stating it would not take enforcement action if Franklin Templeton's fund managers invested in its own tokenized money market fund.

QWhat is the name and primary objective of the blockchain fund mentioned?

AThe fund is called the Franklin OnChain U.S. Government Money Fund. Its objective is to invest in U.S. government securities and seek to maintain a stable share price of $1.

QWhat key exemption was granted to Franklin Templeton Investor Services (FTIS) regarding its role?

AThe SEC allowed FTIS, an affiliated transfer agent, to act as the custodian for the tokenized funds and hold their private keys without being subject to the standard rules for physical safekeeping of assets.

QAccording to the article, how much in on-chain assets does Franklin Templeton currently manage through tokenized funds?

AFranklin Templeton manages $2.5 billion in on-chain assets through its tokenized funds.

QWhat was one of the conditions listed by the SEC in its approval?

AOne condition was that Franklin Templeton must maintain systems to prevent the unauthorized disposition of fund assets, and FTIS must maintain administrative controls, including the ability to correct, freeze, transfer, and recover records.

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