Overview
- The partnership, announced Wednesday, puts five Franklin Templeton funds on-chain via Ondo Global Markets so investors can trade them around the clock from crypto wallets.
- Ondo buys the ETF shares and issues tokens through a special-purpose vehicle, which gives holders the funds’ returns but not direct ownership of the underlying shares.
- The initial rollout targets Europe, Asia-Pacific, the Middle East, and Latin America, with U.S. users excluded until regulators set clearer rules for on‑chain fund distribution.
- The lineup spans U.S. equities, bonds, and a responsibly sourced gold fund, and it trades without a brokerage account or exchange hours, offering continuous access and faster settlement.
- Ondo reports over $620 million in assets on its platform and more than $12 billion in total trading volume, and the firms plan education programs as the tokens are designed to plug into DeFi uses like lending and collateral.