Crypto
U.S. SEC allows Franklin Templeton fund investment in onchain money market fund
The U.S. Securities and Exchange Commission has indicated it will not take enforcement action over Franklin Templeton’s investment by its fund manager in its own tokenised money market fund. Cointelegraph reported the SEC said Franklin Templeton would not face sanctions if it invests cash in the Franklin OnChain U.S. Government Money Fund under certain conditions. The SEC also recognised the custody structure and set 12 conditions.
