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

According to Odaily, executives from Franklin Templeton, SWIFT, and Ledger stated that tokenized money market funds and digital bank deposits are transitioning from the pilot phase to the early financial infrastructure stage. The banking system may achieve 7×24-hour, native on-chain operation in the future. Chetan Karkhanis, Head of Digital Assets at Franklin Templeton, mentioned that 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 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 amount to about $40 billion. Compared to the global wealth scale exceeding $200 trillion, these figures remain relatively low. (Coindesk)