Franklin Templeton Weighs SEC Exemptions for Tokenized Fund Trading

Franklin Templeton is examining whether exemptions from securities rules could enable tokenized money market funds and exchange-traded funds to trade on blockchain venues.

The firm met with staff from the SEC’s Crypto Task Force on Oct. 9 to discuss legal issues surrounding the proposed trading arrangements.

Topics included fund pricing, fees and pooled assets. The discussions were exploratory, and the source did not report that the SEC had granted any exemptions.