Franklin Templeton and Ondo Finance announced a partnership on March 25 to offer tokenized versions of five Franklin Templeton exchange-traded funds, available for 24/7 trading through compatible crypto wallets.

How It Works

Ondo Finance purchases shares of the Franklin Templeton ETFs through a special-purpose vehicle, then issues on-chain tokens that give holders rights to the underlying return stream. The products are available on Ondo Global Markets, the firm's tokenized securities platform, which reached more than $620 million in total value locked since its launch last fall.

The initial lineup of five ETFs was selected by Ondo based on demand from its user base. Known offerings include Franklin Templeton's high-yield corporate ETF, its focused growth ETF, and a responsibly sourced gold ETF.

Who Can Access It

The products are targeted at investors in Europe, Asia-Pacific, the Middle East, and Latin America — not US users, who remain ineligible to trade on Ondo Global Markets under current regulations.

Franklin Templeton Head of Innovation Sandy Kaul described the goal as "expanding access while maintaining the standards and outcomes investors expect," and noted that future product additions will be evaluated based on investor appetite and usability.

Why It Matters

This follows a broader trend of traditional asset managers moving on-chain. Franklin Templeton launched its first tokenized money market fund on the Stellar network in 2021 and has since expanded to Ethereum, Polygon, Aptos, and Avalanche. Ondo previously listed more than 100 tokenized US equities on Ethereum in September 2025.

The partnership reinforces that 24/7 trading and self-custody access to institutional-grade fund products are no longer theoretical — they are shipping.