Franklin Templeton Seeks SEC Relief for Tokenized Fund Trades
- —Meeting with SEC Crypto Task Force staff took place Oct. 9
- —Agenda covered trading pairs of fund shares with tokenized NMS stocks
- —Section 22(d) and Rule 22c-1 pricing rules are at issue
- —Franklin Templeton reported $1.79 trillion in AUM as of Sept. 30
Why it matters: Approval of exemptions would open the door to round-the-clock blockchain trading of tokenized funds and ETFs, potentially accelerating institutional capital into RWA.
Source: Bitcoin.com