Franklin Templeton said it received what it describes as first U.S. regulatory clearance to use its tokenized money-market fund BENJI, with about $2.6 billion AUM, as a holding or collateral inside traditional ETFs and mutual funds. The move could take effect as early as Q4.
Matters because: tokenized RWAs are moving from standalone products into mainstream fund infrastructure. That can expand institutional exposure to on-chain assets without investors explicitly seeking crypto exposure.