Franklin Templeton has received approval from the Luxembourg regulatory authority to launch the first fully tokenized UCITS fund on a public blockchain. This will be the first fund of its kind for a European asset manager. The fund will be supported by a robust ecosystem of digital assets and aims to provide new advantages and use cases for clients as blockchain technology adoption increases. Franklin Templeton believes that web3 and digital technologies have the potential to reshape the asset management industry. The launch of the fund is expected in the coming months and shares will be issued using Franklin's proprietary platform enabled for blockchain transfer agency. The use of tokens on a public blockchain offers benefits such as increased liquidity, accessibility, and transparency, while reducing security vulnerabilities and administrative burdens. Franklin Templeton intends to explore opportunities to create other tokenized financial products and leverage blockchain technology for clients outside the United States.



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