World · Institutional · United States ·
SEC allows Franklin Templeton to invest in tokenized money market fund
The SEC confirmed it will not pursue enforcement action if Franklin Templeton's funds invest cash into the asset manager's own tokenized money market fund, removing a regulatory barrier to institutional use of onchain investment vehicles.
Why it matters for the crypto market
Signals SEC acceptance of institutional tokenized finance products, lowering legal risk for other asset managers considering similar structures.
Source: cointelegraph.com
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