Franklin Templeton plans to add tokenized assets to existing funds

Franklin Templeton is preparing to introduce tokenized assets into its existing investment funds, Bloomberg reported. According to documents disclosed by the U.S. SEC, Franklin Templeton plans to use money market fund tokens as fund assets and collateral for ETFs and mutual funds. This means investors that had previously invested in traditional funds may later be able to include those assets in their portfolios without separately seeking out asset tokens to invest in.