The U.S. SEC has issued a no-action letter to Franklin Templeton, enabling its traditional registered funds to invest in its onchain BENJI/FOBXX fund. This marks an important step forward for traditional financial institutions in blockchain applications.
Global asset manager Franklin Templeton has filed with the SEC for two new ETFs that automatically reinvest stock dividends into Bitcoin. The product marks a significant step in the convergence of traditional finance and crypto assets, with an expected effective date as early as September 1, 2026.
Wall Street asset manager Franklin Templeton has partnered with crypto infrastructure company MoonPay to integrate its BENJI tokenized fund with MoonPay’s payment network. The partnership allows eligible institutional clients to seamlessly swap stablecoins for yield-generating tokenized funds around the clock, without leaving the blockchain environment. Franklin Templeton described the deal as “the foundation for a broader strategic relationship” between the two companies. This marks another step in traditional finance’s integration with crypto infrastructure. ...