Global asset manager Franklin Templeton has announced the launch of its money market fund on the Arbitrum network. The Franklin OnChain US Government Money Fund (FOBXX) will be available on the blockchain and bridge the gap between traditional and digital finance. This year, more institutions are increasing their presence with digital assets and blockchain technology.
Franklin Templeton Launches FOBXX on Arbitrum
Franklin Templeton and the Arbitrum Foundation rolled out the FOBXX money fund on the Ethereum layer 2 network. In an Aug 8 announcement, the company highlighted that investors could gain exposure to the fund in digital assets via the Benji Investment Platform, the company’s proprietary blockchain record-keeping system. This is another step in ongoing efforts to bridge the gap between both finance worlds.
“The collaboration will accelerate the integration of decentralized finance within traditional financial services. By onboarding the Arbitrum network to the Benji Inv
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