Franklin Templeton’s tokenized high yield bond ETF lands on Pendle as FLHYon

The Ondo-issued token tracking Franklin Templeton's FLHY now has a Pendle market with a 2026 maturity, adding a yield-trading layer to a tokenized junk bond fund Franklin Templeton’s high yield corporate bond ETF, FLHY, now trades on Pendle in tokenized form as FLHYon. The Pendle market carries a 2026 maturity date. FLHYon is a token that tracks Franklin Templeton’s FLHY ETF. It was built through Franklin Templeton’s collaboration with Ondo Finance. The issuer is Ondo Global Markets (BVI) Limited.

Also reported by TheCoinrise.

Source: Crypto Briefing