[Franklin Templeton Receives SEC No-Action Letter, Plans to Use $2.6 Billion BENJI for ETFs and Mutual Funds] Odaily Planet Daily reports that asset management company Franklin Templeton plans to incorporate the tokenized money market fund, Franklin Onchain U.S. Government Money Fund (BENJI), as holdings or collateral into exchange-traded funds (ETFs) and mutual funds, involving approximately $2.6 billion in assets. The initiative could launch as early as the fourth quarter. The U.S. Securities and Exchange Commission (SEC) has granted a no-action letter approving this structure, allowing Franklin Templeton's funds to use BENJI for cash management and collateral purposes, though approval from each fund's board of directors is still required. The company currently manages over 130 ETFs with approximately $82 billion in ETF assets and mutual fund assets totaling around $790 billion. Franklin Templeton has already distributed tokenized funds via digital wallets and plans to introduce more tokenized products for cash or collateral management across its broader fund product line. The market size for tokenized assets has now exceeded $38 billion. (Bitcoin.com News)