Policy
Franklin Templeton’s tokenized high-yield bond ETF gets yield trading on Pendle
The Cryptonomist·October 13, 2026·1 min read
Franklin Templeton's tokenized high-yield bond ETF now trades on Pendle via FLHYon, an Ondo-issued token tracking the FLHY fund. The market has a 2026 maturity, letting traders separate future income from the asset. Holding the token does not mean owning ETF shares directly. Ondo issues FLHYon and holds the underlying fund.
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