The United States Securities and Exchange Commission (SEC) has given permission for Franklin Templeton funds to invest in the company's own tokenized money market fund. As reported by CoinTelegraph, the SEC stated it will not pursue enforcement action if Franklin Templeton’s funds start investing cash in this on-chain money fund.
This development is based on reporting from CoinTelegraph. Franklin Templeton is an asset management firm that offers a range of investment products, including mutual funds and other investment vehicles.