SEC reviews Franklin Templeton onchain fund proposal

• The SEC is reviewing a proposal involving Franklin Templeton’s onchain money market fund.
• The proposal would allow certain funds to invest in the blockchain-based fund.
• The review highlights growing regulatory attention on tokenised financial products.

The US Securities and Exchange Commission is reviewing a proposal that would allow certain Franklin Templeton funds to invest in an onchain money market fund.

The proposal involves a blockchain-based fund structure that uses tokenised financial assets.

Franklin Templeton said the proposal is designed to expand investment access to tokenised money market products.

The SEC review will assess whether the proposal meets regulatory requirements for registered investment funds.

The decision could influence future approvals involving tokenised investment products and blockchain-based fund structures.

Franklin Templeton has been expanding its tokenisation and digital asset initiatives across money market and blockchain-based investment products.

The review highlights growing institutional interest in tokenised financial assets and blockchain-based investment infrastructure.