Real-World Assets News: Franklin Templeton Launches Onchain Money Market Fund on Aptos
Real-World Assets News: Franklin Templeton Launches Onchain Money Market Fund
In a landmark move, Franklin Templeton has launched its Franklin OnChain US Government Money Fund (FOBXX) on the Layer-1 blockchain Aptos. This initiative emphasizes the rising institutional interest in integrating traditional finance with decentralized finance. The fund, represented by the BENJI token, is accessible through Franklin Templeton’s Benji Investments platform and enables institutional investors to utilize the token in their digital wallets.
Key Highlights of FOBXX Launch
- Massive Initial Support: FOBXX garnered over $20 million in subscriptions upon its launch.
- Investment Strategy: The fund focuses on low-risk US government securities, utilizing fixed, floating, and variable rates.
- Eligibility: Only eligible investors on the Aptos network can access FOBXX.
This bold step by Franklin Templeton showcases how real-world assets are making waves in the crypto industry, climbing to new heights in investment innovation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.