Franklin Templeton, one of the world’s largest global investment managers, has announced the launch of the first fully tokenized UCITS (Collective Investment in Transferable Securities) fund in Luxembourg to the Luxembourg Regulatory Authority Financial Oversight. Approval was obtained from the Commission (CSSF).
Fund shares will be issued using Franklin’s proprietary blockchain-enabled transfer agency platform. Scheduled to launch in the coming months, the fund will be the first UCITS fund to be tokenized on a public blockchain using Luxembourg’s in-house capabilities and technology, and will be widely distributed across Europe, pending regulatory approval. is.
Sandy Kaul, Head of Digital Assets and Industry Advisory Services at Franklin Templeton, commented: We believe that in the future there may be opportunities to create other tokenized financial products, including interoperability with other digital assets and blockchain native functionality. We are committed to continuing to explore these opportunities as part of our broader digital asset strategy. ”
This new feature expansion has the potential to reshape the wealth management industry by creating new opportunities to more closely connect traditional wealth management products and services with transaction payments. shows confidence and belief.
In April 2021, Franklin Templeton launched the Franklin Onchain U.S. Government Money Fund, the first U.S.-registered mutual fund to use a public blockchain to process transactions and record stock ownership. Raised.
Roger Bayston, Vice President and Head of Digital Assets at Franklin Templeton, said: “We have been an active participant and builder in the digital asset ecosystem since 2018, and are excited about the transformative power of blockchain technology. I have seen it firsthand,” he added.
The benefits of asset tokenization include increased liquidity, accessibility, configurability, and transparency. By applying the benefits of blockchain technology to traditional products, investors can benefit from efficient transfers and cost-effective management.
Matt Harrison, head of Franklin Templeton’s Americas, Europe and the UK, said: “This new fund builds on our global commitment to leveraging blockchain technology for clients outside the US. This will be an extremely important step in this endeavor.”
Franklin Templeton Digital Assets Services (FTDAS) has been an active participant in the digital asset ecosystem since 2018, building blockchain-based technology solutions, developing various investment strategies, and running node validators.
