Franklin Templeton's FLHY high yield bond ETF trades on Pendle as FLHYon, an Ondo-issued token with a 2026 maturity and about $497,000 on-chain.
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Franklin Templeton's FLHY High Performance Corporate Bond ETF has a Tokenized representation, FLHYon, in a Pendle market with maturity in 2026. Ondo's structure offers financial exposure to the fund, not direct ownership of its shares, and adds risks inherent in custody, liquidity and DeFi protocols.