Franklin Templeton Expands Tokenized ETFs With Ondo Into 24/7 Markets

Wall Street’s move into tokenized ETFs is picking up pace, with Franklin Templeton partnering with Ondo Finance. The duo aims to bring traditional funds into blockchain rails. The effort focuses on expanding access through crypto wallets while introducing a 24/7 ETF trading infrastructure. It comes as the overall tokenized ETF and crypto industries are gaining traction. But questions around regulation and distribution still continue to surface.

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Ondo Deal Deepens Wall Street’s Move Into Tokenized Assets

Franklin Templeton is working with Ondo Finance to issue tokenized versions of ETFs through Ondo Global Markets. The structure allows users to gain exposure to funds without opening brokerage accounts. The tokens will track the value of the assets.

The products will initially roll out across Europe, APAC, the Middle East, and Latin America. US availability depends on regulatory clarity. Franklin Templeton manages about $1.7 trillion in assets. It will supply the investment products and support onboarding for crypto-native users.

Ondo’s platform has seen early activity. The firm reports more than $620 million in total value locked and over $12 billion in trading volume. The company says demand is coming from users who are looking to access traditional markets. But they do not want to deal with cross-border brokerage requirements or even limited trading hours.

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RWA ETFs Gain Momentum

The development fits into a broader RWA ETFs trend that is going around in 2026. Asset managers are now testing blockchain-based distribution. Recent data shows that tokenized real-world assets have grown to about $26.5 billion.

Other firms are moving in the same direction. BlackRock and WisdomTree have both explored tokenized funds. Meanwhile, exchanges are also experimenting with blockchain-based settlement. This comes as the New York Stock Exchange (NYSE) was seen exploring tokenized securities.

Tokenized ETFs could reduce settlement times and allow assets to move more freely across platforms. At the same time, integrating these products into existing financial rules remains a challenge. This is particularly true in jurisdictions where regulations for on-chain securities are still evolving.

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