Franklin Templeton OnChain U.S. Gov. Money Fund Surpasses $270 Million in AUM

Franklin Templeton OnChain U.S. Gov. Money Fund Surpasses $270 Million in AUM

Investment firm Franklin Templeton has announced that its Franklin OnChain U.S. Government Money Fund (FOBXX) has surpassed $270 million in assets under management (AUM) as of March 31, 2023. The Fund is the first U.S.-registered fund to use a public blockchain for processing transactions and recording share ownership. It currently utilizes the Stellar blockchain network for transaction activity and is available through the Benji Investments app.

Franklin Templeton is a global investment management firm, founded in 1947, with headquarters in California, USA. It offers a wide range of financial solutions, including mutual funds, retirement plans, and institutional services. With over $1.5 trillion in assets under management, the firm is one of the largest investment firms.

Stellar is a layer-1 open-source, decentralized, peer-to-peer blockchain network that provides a framework for developers to create applications, issue assets, and connect to existing financial rails.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Layer 1

Stellar

In This Article

Related News
Layer 1 MANTRA's token falls 90% in sudden crash; team blames 'reckless liquidations' Layer 1 MANTRA's token falls 90% in sudden crash; team blames 'reckless liquidations'
TON connects to Tether’s USDt ecosystem with LayerZero integration TON connects to Tether’s USDt ecosystem with LayerZero integration
HyperLiquid Releases Native Staking as HYPE Token Extends Its Rally HyperLiquid Releases Native Staking as HYPE Token Extends Its Rally
Wormhole, EigenLayer and NEAR-focused Nuffle Labs partner to bring restaking beyond Ethereum Wormhole, EigenLayer and NEAR-focused Nuffle Labs partner to bring restaking beyond Ethereum
Circle-backed Layer 1 Xion launches mainnet and gamified token airdrop mechanism Circle-backed Layer 1 Xion launches mainnet and gamified token airdrop mechanism
Latest News More More
9 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
9 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open