Franklin Templeton has launched its tokenized Fund on the Arbitrum and Ethereum ecosystem.
Many mainstream firms are looking to change the Real World Asset tokenization ecosystem.
American asset management firm Franklin Templeton is deepening its foothold in the tokenization ecosystem. The company said its OnChain US Government Money Fund (FOBXX) is now available on the Ethereum Blockchain. This FOBXX deployment on Ethereum is through Arbitrum, one of its dominant Layer-2 scaling solutions.
Franklin Templeton is Expanding its Footprint
Franklin is one of the top asset management firms that understands the benefits of blockchain in tokenization. When it launched the OnChain US Government Money Fund, its goal remained to leverage government-backed securities. The Fund will be deployed on various blockchains to secure the transaction and record share ownership.
When the Fund launched in 2021l, it became the first to leverage blockchain. In April, the version of the Fund on the Stellar Net
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