Franklin Templeton: On-Chain Money Market Funds Can Reduce Costs by 5–15 Basis Points, Banks Moving Towards 24/7 Operation

Odaily News Franklin Templeton, SWIFT, and Ledger executives stated that tokenized money market funds and digital bank deposits are transitioning from the pilot phase to the early-stage financial infrastructure phase. The banking system may achieve 7×24-hour, natively on-chain operation in the future. Chetan Karkhanis, Head of Digital Assets at Franklin Templeton, said the company is focusing on advancing the tokenization of money market funds. By natively issuing fund shares on-chain and supporting access via self-custody wallets or exchanges, it aims to achieve round-the-clock liquidity and reduce operational costs by 5 to 15 basis points. However, institutional-grade adoption is still in its early stages. Industry data shows that the current scale of on-chain stablecoins is approximately $300 billion, while tokenized U.S. Treasuries and other RWAs are around $40 billion. Compared to the global wealth scale exceeding $200 trillion, this still represents a relatively low proportion. (Coindesk)