James Seyffart(@JSeyff):NEW: @FTI_US just got a no action letter from the SEC relating to their OnChain government money market fund. Essentially it opens the door for Franklin’s registered funds (mutual funds, ETFs etc) to hold its OnChain fund despite not technically satisfying 1940 act custody rules

James Seyffart

@JSeyff

CFA. CAIA. ETFs. Cryptos. Asset Management. @Bloomberg. @bbgintelligence. Runner. Opinions my own. Likes, RT's & Follows≠endorsements

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James Seyffart@JSeyff

2026.08.12 19:58

NEW: @FTI_US just got a no action letter from the SEC relating to their OnChain government money market fund. Essentially it opens the door for Franklin’s registered funds (mutual funds, ETFs etc) to hold its OnChain fund despite not technically satisfying 1940 act custody rules