Franklin Templeton is exploring the possibility of introducing tokenized securities on new blockchains, including Ethereum, and allowing access to user-managed wallets. The head of digital assets at the investment firm, Roger Bayston, revealed in an interview with Cointelegraph. The company launched its flagship tokenized money market fund, FOBXX, on the Stellar blockchain in 2021, which has now exceeded $400 million in assets under management. Bayston discussed how they gained regulatory approval, reduced financial reporting costs, and entered the crypto market. He emphasized the benefits of blockchain for traditional asset managers, highlighting the transparency it offers. Franklin Templeton aims to tap into the stablecoin market and expand its user base to include crypto-native organizations and centralized exchanges. The firm is also considering multichain expansion, potentially including Ethereum, to provide more options for shareholders and users. Read more AI-generated news on: https://app.chaingpt.org/news

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