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Franklin Templeton joined a pilot project to use tokenized money market fund shares for after-hours transactions.

DealRead the original at pymnts.com
Good for BEN

Franklin Templeton joined a pilot for buying and selling its money market fund shares outside normal hours. This could make its funds more useful to business clients, but the pilot reports no customer uptake or added sales.

BEN · Franklin Templeton

AI read · Good for BEN

The AI's read

That gives Franklin Templeton a way to test money market fund access outside normal hours. Easier access could help corporate treasuries manage cash.

UBER · Uber

AI read · Neutral

The connection

Uber took part in the pilot, but the report does not describe a change to its transport business or added sales. The story does not change Uber's outlook.

HSBC · HSBC

AI read · Neutral

The connection

HSBC took part in the pilot, but the report does not say it gained new customers or sales. The story does not change HSBC's outlook.

TW · Tradeweb

AI read · Neutral

The connection

Tradeweb took part in the pilot, but the report does not say it gained new customers or sales. The story does not change Tradeweb's outlook.

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