Ondo Tokenizes Franklin Templeton’s High-Yield ETF as FLHYon

Ondo Finance has tokenized Franklin Templeton’s Franklin High Yield Corporate ETF (FLHY) as FLHYon, giving digital-asset users economic exposure to a high-yield bond fund without direct ownership of its shares. Ondo announced the tokenization of five Franklin Templeton ETFs on March 25, 2026. Franklin Templeton remains responsible for managing the underlying funds, while Ondo provides the tokenization and digital distribution infrastructure. FLHY invests at least 80% of its net assets in high-yield corporate debt securities. The fund seeks current income and has a secondary goal of capital appreciation. It is listed on Cboe and pays dividends monthly.