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.

Source: Crypto Daily