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Franklin Templeton Smashes Through Red Tape—Launches Singapore’s First Tokenized Fund
Franklin Templeton Smashes Through Red Tape—Launches Singapore’s First Tokenized Fund
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Wall Street’s old guard just got a blockchain facelift. Franklin Templeton—the $1.5 trillion asset manager—secured regulatory greenlight from Singapore’s Monetary Authority (MAS) to roll out a tokenized investment vehicle. No more paper trails, no more 3-day settlement waits.
Why it matters: Traditional finance finally admits blockchain slashes costs and unlocks 24/7 trading. The fund will track public blockchain protocols—because even boomers want yield in a bear market.
The cynical take: Watch legacy banks scramble to ‘innovate’ now that someone else did the regulatory heavy lifting. Bonus points if they rebrand their 1990s mutual funds as ‘Web3-ready.’
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