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Franklin Templeton is partnering with Ondo Finance to offer tokenized versions of its exchange-traded funds (ETFs) that can be traded 24/7 directly from crypto wallets, the firm announced on Wednesday. The move is designed to bypass traditional brokerage accounts and fixed trading hours that have long defined fund investing. According to Bloomberg, the initial products cover U.S. equities, fixed income, and gold, with an initial rollout targeted at investors in Europe, Asia-Pacific, the Middle East, and Latin America.
Franklin Templeton, which manages more than $1.6 trillion in assets, said its U.S. market launch will depend on additional regulatory clarity on how third parties can distribute registered funds on-chain. The asset manager has been building its on-chain infrastructure since 2021, when it launched the world’s first blockchain-integrated U.S.-registered mutual fund. It has since expanded to networks including Stellar, Polygon, and Arbitrum.
In a prior statement, Sandy Kaul, Head of Innovation at Franklin Templeton, said tokenized digital wallets would eventually hold the “totality” of an individual’s financial life. This latest product launch is positioned as a step toward that concept.
Ondo Finance brings a distribution network that has grown quickly. The platform crossed $2.5 billion in total value locked and surpassed $12 billion in cumulative trading volume since launching in September 2025. It has listed more than 250 tokenized stocks and ETFs across Ethereum, Solana, and BNB Chain.
Earlier reporting also described Ondo’s Nexus initiative expanding tokenized Treasury backing to include Franklin Templeton alongside BlackRock and PayPal.
Franklin Templeton and Ondo are prioritizing non-U.S. markets first, reflecting both the regulatory environment and existing distribution infrastructure. Ondo secured regulatory passporting from Liechtenstein authorities, giving it access to more than 30 European Economic Area (EEA) countries.
That framework is already in use. In February 2026, Ondo partnered with Blockchain.com to make 200+ tokenized U.S. stocks and ETFs available via the Blockchain.com DeFi wallet to eligible EEA users. Binance and MetaMask have also integrated Ondo’s tokenized offerings: Binance revived tokenized stock trading through its Alpha program, while MetaMask enabled eligible non-U.S. users to access Ondo assets from mobile wallets.
Franklin Templeton’s announcement comes as institutional tokenization continues to expand. The tokenized real-world asset market has exceeded $22 billion globally, and tokenized Treasuries alone surpassed $3 billion in total value locked by 2024. CEO Jenny Johnson has said 2026 is expected to bring increased institutional investment into tokenized vehicles beyond holdings such as Bitcoin.
The products are designed to provide investors outside traditional brokerage ecosystems—particularly in emerging markets—with fractional, around-the-clock access to U.S. asset classes that have historically required intermediaries and banking infrastructure. The announcement follows earlier groundwork, including Franklin Templeton’s on-chain money market fund on Arbitrum, which was described as part of building multi-chain distribution.
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