Franklin Templeton and Ondo Finance Tokenize Five ETFs for Non-U.S. Rollout

On March 26, 2026, Franklin Templeton said it is working with Ondo Finance to place five ETFs onto public blockchains, with an initial launch planned outside the U.S. The structure uses an SPV to hold ETF shares at U.S.-registered broker-dealers while issuing 1:1 backed tokens that represent return rights and automatically reinvest dividends. The move comes as tokenized stocks approach ~$951M in total value and monthly transfer volume rises past $2.6B, alongside a tokenized Treasury market that has exceeded $11B by March 2026.