Franklin Templeton tokenized product FLHYon goes live on Pendle

Franklin Templeton's tokenized high-yield corporate bond product FLHYon has been launched on Pendle, provided by Ondo, with a maturity date of December 10, 2026. Users can exchange USDC for FLHYon through Ondo and trade principal tokens, revenue tokens, or liquidity pools on Pendle. The position of this product is spread across more than 250 investment targets and the returns are distributed on a monthly basis. Franklin Templeton Senior Vice President Chetan Karkhanis stated that the company is expanding its tokenized fund business through the Benji platform and is focusing on the application and regulatory compliance of tokenized assets in the DeFi field.