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News Explorer — Franklin Templeton Lets Customers Exchange Shares of Its OnChain Fund Directly

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Apr 25, 7:46 pm

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Franklin Templeton Lets Customers Exchange Shares of Its OnChain Fund Directly

Franklin Templeton has announced that customers can now exchange shares of its OnChain U.S. Government Money Fund (FOBXX) using the BENJI token on a public blockchain. FOBXX, which has $360 million in assets under management, is the first U.S.-registered fund to use blockchain for transactions and share ownership. The move aims to create efficiencies in traditional financial assets and streamline the buying and selling process.

Franklin Templeton has announced that customers can now exchange shares of its OnChain U.S. Government Money Fund (FOBXX) using the BENJI token on a public blockchain. FOBXX, which has $360 million in assets under management, is the first U.S.-registered fund to use blockchain for transactions and share ownership. The move aims to create efficiencies in traditional financial assets and streamline the buying and selling process.

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