CryptoMedium•13 October 2026•
1 min read
Ondo Finance Launches Tokenized Version of Franklin Templeton High-Yield ETF
Key Facts
1Ondo Finance launched FLHYon, a tokenized product providing economic exposure to the Franklin High Yield Corporate ETF.
2The tokenized product does not grant direct ownership or shareholder rights in the underlying ETF.
Ondo Finance launched FLHYon, a tokenized product providing economic exposure to the Franklin High Yield Corporate ETF managed by Franklin Templeton. Tokenpost reported that the new offering allows digital-asset investors to access the high-yield corporate debt market, though it does not grant holders direct ownership or shareholder rights in the underlying fund.
The FLHYon structure utilizes digital infrastructure to deliver yields from corporate debt, with each token representing 1.0257 shares of the underlying ETF. This move expands the tokenization of real-world assets (RWA) into corporate credit markets, moving beyond the government money-market strategies that have previously dominated the sector.