Ondo Finance (CRYPTO: ONDO) said on Wednesday it has partnered with Franklin Templeton to tokenize the asset manager’s exchange-traded funds.



<h2>Trade FT ETFs On-Chain</h2>



The Franklin Templeton-managed ETFs selected for tokenization include Franklin Focused Growth ETF (BATS:FFOG), Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL), Franklin Responsibly Sourced Gold ETF (NYSE:FGDL), Franklin High Yield Corporate ETF (BATS:FLHY) and Franklin Income Equity Focus ETF (NYSE:INCE).



“This marks the first time that tokenized FT-managed ETFs are available on-chain,” Ondo Finance said.



Ondo Finance added that these ETFs will be available through Ondo Global Markets, the world’s largest tokenized securities platform, with over $700 million in total value locked, according to RWA.xyz.



Ondo Global Markets is available on multiple chains, including Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL) and BNB Chain (CRYPTO: BNB). The platform is currently not directly available to U.S. residents.



Franklin Templeton will remain the asset manager of the ETFs, while Ondo will provide the tokenization infrastructure and digital distribution layer.



<h2>Sustained Push Toward Tokenization?</h2>



Franklin Templeton has previously ventured into tokenization. In partnership with Ripple (CRYPTO: XRP), it launched tokenized U.S. dollar money market funds for accredited investors of Singapore's largest bank, DBS Group Holdings (OTC:DBSDY)



Ondo Finance also remains a big player, with a total value of its tokenized offerings, including U.S. treasuries, stablecoins and stocks, exceeding $2.6 billion.



Price Action: At the time of writing, ONDO was exchanging hands at $0.2605, up 1.27% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, the cryptocurrency has plunged 27%.



Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.



Photo Courtesy: Piotr Swat on Shutterstock.com

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Franklin Templeton has partnered with Ondo Finance to tokenize its exchange-traded funds (ETFs), including FFOG, FLQL, FGDL, FLHY, and INCE. This initiative marks the first time that Franklin Templeton-managed ETFs will be available on-chain, allowing access through Ondo Global Markets.

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