Franklin Templeton tokenizes $380M fund on Polygon and Stellar for P2P transfers
Franklin Templeton tokenizes US Gov Money Fund on Polygon and Stellar for P2P transfers. Franklin Templeton is competing with BlackRock’s Ethereum-based BUIDL fund in the tokenized assets niche. Franklin Templeton maintains a 32% market share. In a move that marks a significant advancement in the realm of digital asset management, Franklin Templeton has announced the token ization of its US Government Fund on the Polygon and Stellar blockchains. By embracing blockchain technology, Franklin Templeton aims to enable peer-to-peer transfers for shares in its Franklin OnChain United States Government Money Fund (FOBXX), represented by the BENJI token. Franklin Templeton competing with BlackRock Franklin Templeton’s initiative comes amidst a competitive landscape, with BlackRock’s new BUIDL fund emerging as a formidable contender in the token ization space. Partnering with Securitize on Ethereum, BlackRock’s BUIDL fund has swiftly garner...