SEC Grants No-Action Letter for FOBXX Registered Fund Cash Management
Woofun AI reports that the SEC's Investment Management Division has issued a no-action letter to FTDA_US. This regulatory action permits registered funds to utilize Franklin Templeton's on-chain money market fund, FOBXX, for cash management purposes, including securities lending collateral. The exemption allows Franklin Templeton to hold fund shares and record ownership via its blockchain integration system, bypassing certain traditional rules applied to physical securities. Franklin Templeton stated that this structure supports intraday trading, hourly net asset value calculations, and faster transaction processing.
快讯 · 2026-08-13 03:56:52Saved 2026-08-12Flash