Ondo Finance has created a digital token called FLHYon that represents economic exposure to Franklin Templeton's Franklin High Yield Corporate ETF (FLHY). This token allows investors to gain exposure to a high-yield bond fund without owning the ETF shares directly. Franklin Templeton continues to manage the underlying fund, while Ondo handles the tokenization and digital distribution. FLHYon tokens represent 1.0257 shares of FLHY and provide income and capital appreciation benefits, but holders do not have shareholder rights. This move expands tokenized fund products into corporate credit, complementing Franklin Templeton's existing tokenized money-market funds.
Ondo Finance's tokenization of Franklin Templeton's high-yield ETF is the story subject, with Pluang market data providing context. For readers following major cryptocurrencies on Pluang, as of Oct 13, 2026 15:21 WIB, only 7 out of 50 rose today. Notable price changes include BAL at Rp16.297 with an 11.14% increase, ALGO at Rp2.153 down 8.54%, and EOS at Rp12.649 up 8.13%.
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