Franklin Templeton has tokenized a $380 million treasuries fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries.
The company has launched the Franklin OnChain United States Government Money Fund (FOBXX), offering shares as BENJI tokens. Each token represents a share of the FOBXX and is tradable on the public Polygon and Stellar blockchains.
This innovation aims to simplify transactions and expand access, allowing investors to manage their assets more flexibly through direct exchanges.
Franklin Templeton’s integration of blockchain technology into its financial operations aims to enhance the liquidity and efficiency of asset management. The firm is responding to a growing demand among financial institutions to meld traditional financial structures with modern technology solutions.
The tokenization of government securities and other assets marks a significant advancement in digital asset management, offering greater transparency, security, and efficiency.
SWIFT has launched a new blockchain-based ledger pilot with 17 major banks to test how tokenized deposits can move across…
Sony Bank, the banking arm of Sony Financial Group, has received conditional approval from the Office of the Comptroller…
PayPal has expanded its stablecoin strategy by launching PayPal USD (PYUSD) natively on the Polygon blockchain, giving businesses direct access…
BONK, one of Solana's most recognizable memecoins, is facing a major governance crisis after an…
World, the blockchain ecosystem co-founded by Sam Altman, is shifting its prediction market infrastructure from Solana to the…
BNB Chain has revealed plans to build a brand-new Layer 1 blockchain specifically designed for the next generation…