Franklin Templeton manages $1.7 trillion in assets. Until now, accessing its ETFs meant opening a brokerage account and waiting for market hours. That changed on March 25, 2026. Ondo Finance announced the tokenization of five Franklin Templeton ETFs on Solana through its Ondo Global Markets platform. For the first time, Franklin Templeton-managed funds are available on-chain. Investors in Europe, Asia-Pacific, the Middle East, and Latin America can now access these funds directly through a crypto wallet.
BREAKING: Franklin Templeton ETFs are now available on Solana via @OndoFinance Global Markets https://t.co/LgxDiVrTC3
— Solana (@solana) March 25, 2026
Five Funds, Five Exposure Types
The five ETFs now available on Ondo Global Markets cover a range of asset classes. The Franklin Focused Growth ETF (FFOG) targets growth-oriented U.S. stocks. The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) offers systematic exposure to large-cap equities. The Franklin Responsibly Sourced Gold ETF (FGDL) tracks gold. The Franklin High Yield Corporate ETF (FLHY) covers high-yield bonds. Finally, the Franklin Income Equity Focus ETF (INCE) adds an income-oriented equity strategy to the mix. Together, these five funds span equities, fixed income, and commodities. Sandy Kaul, Franklin Templeton’s head of innovation, noted that the mix provides a useful test case for reaching new audiences through tokenization.
How On-Chain ETF Access Works
Ondo Finance purchases the underlying Franklin Templeton ETF shares. It then holds them in a U.S.-registered broker-dealer and issues blockchain tokens through a special-purpose vehicle. Token holders receive the full economic return of the underlying fund, including price appreciation and reinvested dividends. They do not own the ETF shares directly. However, they gain features that traditional brokerage accounts cannot offer. Tokens trade 24 hours a day, 7 days a week. Settlement is near-instant, compared to the standard T+2 timeline in traditional markets. Tokens are also composable, meaning they can interact with DeFi protocols, serve as collateral, or transfer between verified wallets. Geographic access is currently limited to investors outside the United States due to regulatory constraints on distributing registered U.S. investment products through third parties on-chain.
Ondo Global Markets: The Platform Behind the Access
Ondo Global Markets launched on Solana on January 21, 2026. At launch, it brought over 200 tokenized U.S. stocks and ETFs on-chain. The platform currently holds $710 million in assets, with $12 billion in total trading volume since its September 2025 debut. Ondo Global Markets serves 3.2 million daily active users on Solana. Assets are fully backed 1:1 by securities held at U.S. custodial broker-dealers. Ondo Finance’s total value locked across all products sits at $2.69 billion. The platform accounts for roughly 65% of all tokenized real-world assets on Solana by asset count. The Franklin Templeton partnership adds institutional-brand ETFs to a catalog that already includes individual stocks like AAPL, NVDA, and META alongside index ETFs like SPY and QQQ.
Franklin Templeton’s On-Chain Track Record
Franklin Templeton has been building on blockchain infrastructure for several years. In 2021, it launched the Franklin OnChain U.S. Government Money Fund (FOBXX), the first U.S.-registered fund to record share ownership on a public blockchain. That fund surpassed $270 million in AUM by early 2023. In December 2025, Franklin Templeton launched the Franklin Solana ETF (SOEZ) on NYSE Arca, giving traditional investors exposure to SOL staking rewards. The Ondo Global Markets partnership extends that strategy further. Rather than simply listing blockchain-native products, Franklin Templeton is now making its existing ETF lineup accessible to on-chain investors directly. The combination of an established asset manager and a compliant tokenization platform addresses one of the key friction points in bringing traditional finance on-chain: trust and regulatory structure.
Solana’s RWA Ecosystem Hits a New High
The Ondo-Franklin Templeton announcement arrives as Solana’s real-world asset ecosystem sets records. The Solana RWA market hit $1.82 billion in total tokenized value in March 2026. That figure represents 325% growth over the course of 2025, up from roughly $200 million at the start of that year. Solana now ranks as the third-largest blockchain for RWA tokenization, holding about 4.57% of the global RWA market, excluding stablecoins. Other institutions have also moved onto Solana in recent months, including WisdomTree, which expanded its full tokenized funds suite to the chain in January 2026. Ondo’s expansion of its platform to include Franklin Templeton ETFs adds a major brand name to that growing list. The broader picture is one of accelerating institutional participation in on-chain markets, with Solana serving as a primary destination for production-grade tokenized assets.
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