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Franklin Templeton teams up with Ondo Finance for 24/7 tokenized ETF access
Tokenization is accelerating the shift of real-world assets (RWAs) onto blockchains by turning ownership into digital tokens. Data cited from RWA.xyz show Total Tokenized Assets at $26.6 billion, representing $360.5 billion in underlying asset value. At the current pace, RWAs are projected to top $10 trillion by 2030.
Franklin Templeton is the latest major asset manager to enter the space. Ondo Finance said it has partnered with Franklin Templeton to roll out tokenized exchange-traded funds (ETFs). Through the arrangement, Ondo Global Markets will make Franklin Templeton ETFs available inside crypto wallets, enabling 24/7 trading, broader access, faster settlement, and improved liquidity.
The rollout is expected to span multiple regions, including Europe, Asia, the Middle East, and Latin America. A U.S. launch could come later, pending regulatory approval.
Ondo Markets has expanded quickly, with tokenized assets rising to $1.8 billion, including $1.4 billion in Treasuries and $400k in stocks. More than 32 stocks have already been tokenized on the platform, pointing to growing RWA demand.
The tokenization trend is also gaining traction in gold. Tokenized gold has surpassed $4 billion, fueling interest in infrastructure that links on-chain tokens to verifiable physical holdings. Comtech Gold is one example, issuing CGO on the XDC Network. CGO is designed to be backed 1:1 by physical gold; buyers acquire an equivalent amount of gold that can be redeemed for physical delivery.
Despite the headline partnership, ONDO's price reaction has been muted. ONDO pulled back from an intraday high of $0.27 to a local low of $0.25, raising the risk of a trend break after three straight days of gains. The Relative Strength Index slipped from 51 to 49, approaching a bearish crossover. If selling pressure persists, the token could retest support at $0.24. A rebound could lift ONDO back above $0.26 and set up a move toward $0.29.
Key takeaways: Ondo Global Markets aims to deliver 24/7 ETF trading via crypto wallets with quicker settlement, while tokenized gold has moved beyond $4B as platforms like Comtech Gold push 1:1-backed digital gold.