Franklin Templeton, Ondo Finance launch 24/7 tokenized ETFs

Franklin Templeton has partnered with Ondo Finance (ONDO) to launch five tokenized ETFs that can be traded directly from crypto wallets, Bloomberg reported. The tokens, which represent the FFOG, FLQL, FGD, FLHY, and INCE ETFs, are available for trading 24/7. The service will initially be offered in Europe, the Asia-Pacific region, the Middle East, and Latin America, with U.S. availability planned pending regulatory clarity. Investors in these tokenized ETFs will hold rights to the returns rather than the underlying assets, enabling new applications such as using them as collateral in DeFi. The outlet added that other major asset managers, including BlackRock and WisdomTree, are also pursuing plans for ETF tokenization in the U.S.