Tokenization has transformed the digital economy by converting ownership of real-world assets (RWA) into blockchain-based digital tokens.
Amid this transformation, total tokenized assets reached $26.6 billion, with a represented asset value of $360.5 billion according to RWA.xyz. At this rate of growth, RWA is expected to exceed $10 trillion by 2030.
With huge future potential, many large entities have turned to tokenization and Franklin Templeton is the latest to join the wave.
Franklin Templeton partners with Ondo Finance to launch tokenized ETFs
In a major boost for RWAs, Ondo Finance announced its partnership with Franklin Templeton, one of the largest asset managers. The two have teamed up to launch tokenized exchange-traded funds (ETFs).
As part of this partnership, Ondo Global Markets will offer access to Franklin Templeton ETFs within crypto wallets. This will allow all users to trade 24/7, with greater accessibility, shorter settlement period and increased liquidity.
The program will debut on all continents, including Europe, Asia, the Middle East and Latin America. However, the US launch could be delayed until regulatory approval is obtained.
Templeton joins a rapidly growing space for tokenized assets under Ondo Markets. Ondo Markets saw its token assets climb to $1.8 billion, including $1.4 billion in cash and $400,000 in shares.
In these markets, more than 32 stocks have been tokenized, indicating significantly growing demand for RWA.
Connecting TradFi and blockchain via ComTech Gold
There is no doubt that the growth of tokenization has become particularly attractive to traditionally revered assets like gold, with tokenized gold surpassing $4 billion.
Notably, this increase in gold tokenization has necessitated the need for a gold infrastructure platform, ensuring investors have the tangibility of their assets. ComTech Gold has emerged as one such platform that issues CGO, a digital gold token built on the XDC network.
Furthermore, wWhen users purchase CGO tokens, they are purchasing an equivalent amount of physical gold. provides investors with assurance of their gold and can be exchanged for physical gold, which can then be delivered.
According to Jignesh Ved, CEO and co-founder of ComTech Gold,
We do not create a synthetic product or track the price of gold, each token represents real allocated gold. This is a direct claim, not a proxy. This distinction is essential.
This move details a major integration and bridging between TradFi and blockchain technology, pointing to RWAs and future prospects.
An impact on ONDO?
Surprisingly, Franklin Templeton and Ondo Finance have yet to have a positive impact on ONDO’s price action.
In fact, Ondo Finance (ONDO) retraced from an intraday high of $0.27 and touched a local low of $0.25, warning of a possible trend breakout. Previously, ONDO was on an upward trajectory, marching for three consecutive days.
Dynamic indicators have confirmed this point of view. The Relative Strength Index slipped from 51 to 49, approaching a bearish crossover.
If the selling pressure persists, ONDO could revisit the $0.24 support level.
A recovery, however, could push the price above $0.26 and pave the way towards $0.29.
Final summary
- Ondo Global Markets enables 24/7 ETF trading through crypto wallets with faster settlement.
- Tokenized gold has surpassed $4 billion, with platforms like Comtech Gold offering 1:1-backed digital gold.
