Ondo's Franklin Templeton bond ETF token FLHYon launches on Pendle
Pendle has listed FLHYon — Ondo Finance's onchain token tracking Franklin Templeton's FLHY high yield corporate bond ETF — as a tradable market with a 10 Dec 2026 maturity. Announced via Pendle's official X feed and amplified from the RWA Foundation, the listing lets users trade coupons separately from principal onchain, echoing how bond desks have split the two since the 1980s.
- FLHY is actively managed, with >80% allocated to high-yield corporate bonds across 250+ positions and monthly yield distributions.
- The Pendle market splits FLHYon into PT/YT, adding tokenized corporate credit to Pendle's RWA stack alongside treasuries, stables and tokenized equities.
Pendle
Pendle Earn enables you to obtain fixed yield or provide liquidity in a simple interface. Pendle Earn and Trade runs on the same set of contracts with a separate user interface to cater to different audiences.
