SEC issues no-action letter allowing Franklin Templeton registered funds to use onchain money market fund FOBXX
The SEC issued a no-action letter to Franklin Templeton permitting its registered funds (mutual funds, ETFs) to use its onchain U.S. Government Money Market Fund (FOBXX) for cash management and securities-lending collateral, removing a regulatory obstacle for the blockchain-based fund.
Detected & updated continuously · Source: Nebula
Sources
@Crypto_Briefing
⚡NEW: SEC staff says it would not recommend enforcement action against Franklin Templeton over a proposed custody setup for its blockchain based OnChain U.S. Government Money Fund. https://t.co/dnEIzFgN9b
@Coincuofficial
SEC just cleared Franklin Templeton's BENJI system 📈 Traditional finance is officially getting its feet wet in the crypto pond. Full story 👇 https://t.co/2YEgVXL5oN #BTC #ETH #Crypto
@Cointelegraph
🇺🇸 JUST IN: The SEC has cleared Franklin Templeton’s onchain money market fund, FOBXX, for use in registered funds. https://t.co/taF78edg7G
@blckchaindaily
🚨 SEC NO-ACTION LETTER LETS FRANKLIN TEMPLETON FUNDS USE ONCHAIN MONEY MARKET FUND $FOBXX FOR CASH AND SECURITIES-LENDING COLLATERAL
@wublockchain12
吴说获悉，彭博 ETF 分析师 James Seyffart 表示，Franklin Templeton 已获得 SEC 针对其链上政府货币市场基金的不采取行动函，为 Franklin 旗下共同基金、ETF 等注册基金持有该链上基金扫除了一项监管障碍，即使其托管安排在技术上并未完全满足《1940
@MasterMofc
REGULATORY INTEGRATION SIGNAL SIGNAL — The SEC issued a no-action letter, permitting traditional Franklin Templeton funds to invest in its tokenized BENJI/FOBX. • SEC issued a no-action letter to Franklin Templeton • Traditional funds can invest in on-chain BENJI/FOBXX fund • https://t.co/ILRnqOpyN1
@scottmelker
SEC ISSUES NO-ACTION LETTER TO FRANKLIN TEMPLETON, ALLOWING REGISTERED FUNDS TO USE ONCHAIN MONEY MARKET FUND $FOBXX FOR CASH MANAGEMENT INCLUDING SECURITIES LENDING COLLATERAL
@CryptosR_Us
🚨🇺🇸 SEC OPENS ANOTHER DOOR FOR ONCHAIN FINANCE Franklin Templeton just received no-action relief that clears the way for its registered funds to use its onchain money market fund ($FOBXX) for cash management and securities-lending collateral. The important part? Ownership and https://t.co/IeZawxGPm5