- Blockchain integration finds new directions thanks to tokenized funds.
Franklin Templeton President and CEO Jenny Johnson voiced concerns that if the US continues to have a closed approach to regulation, other countries may overtake it as the leader in the cryptocurrency industry.
During a Thursday conference address at Consensus, Johnson commended nations such as Singapore, Hong Kong, and the United Arab Emirates for their regulatory initiatives.
Johnson underlined the necessity for the US to take a proactive approach to regulation while noting the risks and uncertainties associated with cryptocurrencies.
Johnson also emphasized how cryptocurrencies can affect established companies.
ETFs like as Ethereum
Johnson declined to explicitly respond to questions regarding the future of Ethereum ETFs because approval procedures were still in progress. She did, however, talk about Franklin Templeton’s initiatives in the tokenized money market fund industry.
Johnson emphasized the advantages of operating on a public blockchain, including peer-to-peer trading and intraday yields.
Additionally, Franklin Templeton is investigating the development of tokenized exposure to conventional ETFs that are wallet-friendly.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
