Franklin Templeton Meets SEC Staff on Tokenized Fund Trading and Liquidity Pools

Franklin Templeton representatives met with staff of the Securities and Exchange Commission’s Crypto Task Force on October 9 to discuss trading tokenized money-market-fund shares against tokenized NMS stocks, according to the agency’s meeting memorandum . The agenda also raised whether liquidity providers could collect service fees without relief from Section 22(d) and Rule 22c-1. The discussion puts the focus on the operating rules around tokenized funds, rather than solely on putting fund shares on blockchain rails. It concerned how such shares could work as one side of transactions and as assets supplied to liquidity arrangements on permissioned venues handling tokenized securities. Franklin Templeton’s October 9 SEC agenda The memorandum frames the money-market-fund question around Tokenized Securities Venues , or TSVs, and tokenized NMS stocks.

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