SEC Staff Grants No-action Relief For Custody Of Digital Assets (Limited To Specific Fund Shares) Under The Investment Company Act
SEC granted no-action relief to Franklin Templeton, allowing its funds to custody tokenized shares of the OnChain U.S. Government Money Market Fund with an affiliated transfer agent. The relief exempts compliance with Rule 17f-2's physical custody requirements. This is the first SEC staff position applying this rule to digital assets, though limited in scope.






