Franklin Templeton partners with Ondo to launch an ETF that can be traded around the clock in crypto wallets

According to Bloomberg, asset management firm Franklin Templeton has partnered with Ondo Finance to launch a tokenized version of an ETF that can be traded 24 hours a day in crypto wallets, bypassing traditional brokerage accounts and limited trading hours. The related products cover U.S. stocks, fixed income, and gold, with the first batch aimed at investors in Europe, Asia-Pacific, the Middle East, and Latin America.

The five funds planned for tokenization include: a growth-oriented U.S. stock strategy fund (FFOG), a systematic large-cap stock fund (FLQL), a gold fund (FGDL), a high-yield corporate bond fund (FLHY), and an income-oriented U.S. stock strategy fund (INCE).