BNY will provide asset servicing and foreign exchange capabilities for U.S.-listed, ETF offerings from Franklin Templeton.
Global asset manager Franklin Templeton has appointed custody giant the Bank of New York Mellon Corp. (BNY) to provide “a full suite of asset servicing and foreign exchange capabilities” for U.S.-listed, exchange-traded fund (ETF) offerings, officials say.
“Franklin Templeton is expanding its long-standing relationship with BNY to leverage additional services for one of its fastest-growing product ranges. BNY supported the launch of three of Franklin Templeton’s digital asset ETFs and will now be able to deliver the full scope of BNY’s industry-leading ETF platform, Exchange-Traded Execution (ETX),” according to the announcement. Franklin Templeton will continue to use BNY’s broader solutions intended to boost asset growth and operating model efficiency.
Franklin Resources, Inc., which is the global investment management organization with subsidiaries operating as Franklin Templeton, serves clients in more than 150 countries, officials say. The firm offers investment management, wealth management, technology solutions, and specialist investment managers for fixed income, equity, alternatives, and multi-asset solutions. The San Mateo, Calif.-based firm oversees $1.57 trillion in assets under management (AUM) as of May 31, 2025.
“BNY has been supporting Franklin Templeton for nearly three decades, and we’re proud to be deepening our relationship to now deliver end-to-end ETF solutions,” says Emily Portney, global head of asset servicing at BNY, in a prepared statement.
As of June 30, 2025, BNY, based in New York, N.Y., reports that it oversees $55.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.
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