SEC Approves Franklin Templeton Funds to Invest in Onchain Money Fund
Franklin Templeton has received regulatory clearance from the SEC, allowing its mutual funds and ETFs to invest in the firm's blockchain-based OnChain U.S. Government Money Fund. This approval follows a no-action letter from the SEC regarding the fund's custody structure, enabling the use of the BENJI/FOBXX fund for cash management.
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SEC allows Franklin Templeton funds to invest in onchain money fund
The SEC said it will not pursue enforcement action if Franklin Templeton’s funds start investing cash in the asset manager’s own tokenized money market fund.
SEC clears Franklin mutual funds and ETFs to invest in BENJI
Franklin Templeton’s registered mutual funds and ETFs have received regulatory clearance to invest in the firm’s blockchain-based OnChain U.S. Government Money Fund after the U.S. Securities and Exchange Commission’s investment management division issued a no-action letter covering the custody structure.…
SEC clears Franklin Templeton funds to use onchain BENJI system for cash management
Franklin Templeton received a no-action letter from the SEC enabling its traditional registered funds to invest in its BENJI/FOBXX fund.


