The United States Securities and Exchange Commission has officially authorized the Franklin Templeton management company to invest in its own money market blockchain fund. The regulator issued a special letter on non-enforcement measures, confirming the absence of claims while observing a number of certain restrictions. The organization has received the right to invest in the Franklin OnChain U.S. Government Money Fund, which is a tokenized fund with interest income. This instrument invests in US government securities and strives to maintain a stable share price at the level of one dollar. At the same time, the company is exempt from the need to comply with the applicable rules for the physical storage of assets.

The American regulator also allowed the affiliated transfer agent Franklin Templeton Investor Services to act as a full-fledged custodian of tokenized funds. This structure will be able to securely store private cryptographic keys without applying current physical storage standards. This permission was a direct response to the official request of the management company itself, sent to the Commission earlier. To date, Franklin Templeton manages two and a half billion dollars worth of on-chain assets through its tokenized funds. According to the RWA xyz analytical platform, the organization ranks fifth among the largest companies for managing such digital assets. The company's desire to expand its presence in the crypto market is confirmed by the June launch of a separate core division and the purchase of a specialized player, 250 Digital.

In its official letter, the Securities and Exchange Commission listed in detail twelve mandatory conditions for continued work. Among the key requirements is the need to maintain reliable systems that prevent any unauthorized disposal of client assets. The transfer agent, in turn, is required to ensure strict administrative control over the tokens. This includes the technical ability to fix, freeze, transfer, and fully restore blockchain records when necessary. These conditions reflect the regulator's position regarding the storage and management of tokenized assets. The received permission allows Franklin Templeton to continue the development of tokenized money market funds within the established requirements.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.