Franklin Templeton: SEC Clears Onchain Fund Custody
Franklin Templeton gains SEC no-action relief for $FOBXX onchain money market fund custody, enabling intraday trading and securities lending collateral via blockchain.
SourceAnalysis
SEC Division of Investment Management granted Franklin Templeton a no-action letter that lets registered funds deploy its $FOBXX onchain money market fund for cash management and securities lending collateral, with ownership recorded on its blockchain-integrated system instead of legacy physical-securities rules.
Eleanor Terrett
@EleanorTerrettBritish-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.
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