A $1.7T asset manager just tokenized its ETFs.

In a Bloomberg exclusive, Franklin Templeton and Ondo announced a partnership to bring tokenized versions of Franklin Templeton ETFs onchain, spanning U.S. equities, fixed income, and gold.

Key points from the story:

→ Investors gain economic exposure to Franklin Templeton ETFs without needing a brokerage account

→ Tokens can be used as collateral or plugged into DeFi applications

→ The tokenized RWA market has grown ~360% since 2025, now sitting at $26.5B

The world's largest asset managers aren't watching tokenization from the sidelines anymore. They're building it.