Pendle adds support for trading Franklin Templeton’s FLHYon ETF token

Pendle has added support for trading FLHYon, a tokenized version of Franklin Templeton’s high-yield corporate bond exchange-traded fund, Crypto Briefing reported. The token was launched by Franklin Templeton in partnership with ONDO, with Ondo holding the underlying assets to back the token’s value on a one-to-one basis. Cash in transit is also included in the collateral pool to support liquidity.