Franklin Templeton Partners with Ondo Finance for 24/7 Tokenized Stocks and ETFs

Franklin Templeton has entered a strategic partnership with Ondo Finance to tokenize five specific equities and gold ETFs on the Ethereum blockchain. The initiative leverages blockchain technology to facilitate continuous trading 24/7, while streamlining settlement and custody processes for these assets. These new products are specifically tailored for a crypto-native audience that prioritizes the use of digital wallets for financial transactions. This move marks a significant expansion of the Real World Asset (RWA) ecosystem, especially as the total value of tokenized assets on the Ethereum network has reached approximately $13.6 billion. By utilizing digital wallets and blockchain automation, the platform aims to modernize market access and improve operational efficiency for global investors. Institutional backing from a major asset manager like Franklin Templeton provides strong validation for the growing tokenization sector and its integration into traditional finance.

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