On the Ethereum layer (ETH), smart contracts platform, we have launched the world’s very first tokenized money fund.
Franklin Templeton, a global asset manager and leader in smart contracts platform, announced the launch of the Franklin OnChain U.S. Government Money Fund on its social media platform X.
Franklin OnChain U.S. Government Money Fund utilizes public blockchain to track transactions and ownership. Benji Investments is the mobile application that investors use to invest. FOBXX shares are equivalent to BENJI Tokens.
New chain is unlocked. BENJI has now gone live on Ethereum.
Ethereum is the second-largest layer-1 (L1) technology. It was created to be secure, decentralized, programmable and scalable.”
FOBXX holds over 95% of its assets in U.S. Government securities and cash. The fund’s total assets were $429.74 millions as of October 31st.
FOBXX has been supported by a variety of blockchains. Franklin Templeton has recently added its Money Market Fund to Coinbase’s Blockchain Base. The investment giant, which manages $1.7 trillion of assets (AUM), is the first to create a tokenized money fund.
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The post Investment Giant Franklin Templeton expands its On-Chain Money Market Fund Ethereum (ETH) could be updated as new information becomes available.
