The Ondo Finance company formed an alliance with Franklin Templeton, an investment firm that manages $1.7 billion, to tokenize five of its exchange-traded funds (ETFs).
He agreementwhich was known yesterday, March 25, 2026, implies that these exchange-traded funds will become available in digital format through Ondo Global Markets, the platform launched by Ondo in 2025 to bring traditional securities to environments on-chain.
This is the first time that ETFs managed by the investment company are available in this format within a digital asset network. The five financial instruments that will be tokenized are:
- Franklin Focused Growth ETF (FFOG), focused on growth-oriented companies.
- Franklin US Large Cap Multifactor Index ETF (FLQL), focused on large-cap US stocks.
- Franklin Responsibly Sourced Gold ETF (FGDL), linked to gold sourced from responsible supply chains.
- Franklin High Yield Corporate ETF (FLHY), with exposure to high-yield corporate bonds.
- Franklin Income Equity Focus ETF (INCE), an income-oriented equity strategy.
The selection shows that the tokenization of real-world assets (RWA) is not limited to technology stocks or growth funds, but is also beginning to spread to fixed income, dividends and commodities such as gold.
It should be noted that tokenizing an ETF means creating a digital representation of that financial instrument so that it can be distributed and circulated through infrastructure. on-chain.
In this case, Franklin Templeton remains the fund manager. That is, it continues to manage the underlying ETFs.
Ondo, for its part, does not manage these assets, but also provides the technological infrastructure to convert them into digital instruments and distribute them within its platform.
To put it more directly, Ondo functions as a tokenization and distribution layer, while Franklin Templeton maintains the traditional financial role of managing the funds.
As CriptoNoticias has reported, Ondo Global Markets is the platform that Ondo Finance launched in September 2025 to facilitate the digital representation and distribution of traditional financial securities, such as funds and other regulated instruments, within the digital asset market.
The idea behind this unit is to create an infrastructure that allows connecting existing financial products with new forms of access, settlement and distribution in digital networks.
Despite the alliance with Franklin Templeton, the price of ondo (ONDO) did not show a significant reaction. In the last 12 months, The asset accumulates a drop of 72%. At the time of publication of this article, ONDO is trading at $0.25, 88% below its all-time high (ATH) of $2.14reached in December 2024.
This behavior once again puts an important difference on the table: the growth of infrastructure or institutional activity around a project does not always translate immediately to the price of its token.
In this case, the news strengthens Ondo’s positioning within the securities tokenization business, but the market did not interpret it, at least for now, as a direct catalyst for ONDO.