$108,384.00
-1.22%$2,757.49
-1.01%$2.25
-1.79%$667.25
-0.36%$160.06
-2.88%$0.999801
0.00%$0.19188
-2.21%$0.277843
-4.57%$0.693514
-2.81%$2,755.37
-1.10%$108,074.00
-1.59%$41.40
0.18%$3,324.91
-0.74%$3.35
-3.62%$14.71
-3.31%$21.40
-3.53%$0.276838
-0.94%$428.17
-3.05%$8.72
-1.73%$3.22
-3.37%$0.00001289
-2.20%$0.172374
-4.26%$0.999761
0.01%$2,950.68
-1.01%$2,756.58
-1.10%$91.13
-0.70%$4.16
-2.45%$328.32
-4.11%$0.999723
0.10%$1.00
-0.04%$4.73
-2.46%$0.00001234
-3.56%$8.13
-2.52%$108,417.00
-1.24%$0.632086
-1.38%$32.01
2.32%$298.46
-2.86%$398.99
-5.71%$1.18
-0.00%$54.02
1.23%$6.03
-1.61%$5.01
-1.25%$2.53
-3.54%$0.098041
-2.93%$1.00
0.00%$17.96
-2.09%$193.54
-2.88%$0.857836
-3.02%$1.055
0.01%$31.13
0.15%$0.085889
-3.90%$0.665136
-2.27%$18.20
-1.58%$1.001
-0.04%$0.02484493
-4.04%$10.59
-2.56%$0.344678
-3.93%$0.228007
1.23%$4.47
-2.13%$0.763023
-6.32%$3.82
-6.30%$108,027.00
-1.36%$0.397006
-2.18%$4.45
0.25%$0.084654
-4.26%$2.66
-1.52%$1.11
-4.86%$0.195701
-5.04%$116.09
-5.52%$2,755.98
-0.88%$4.56
-1.03%$0.996084
-0.28%$1.61
4.59%$0.999779
-0.01%$0.999884
-0.01%$11.41
-0.09%$169.10
-2.42%$2.08
-4.28%$0.461089
-6.79%$2.07
-0.77%$1.33
0.37%$3,136.56
-1.08%$0.00001655
-5.89%$0.01895987
2.60%$13.05
-4.30%$2,886.27
-0.88%$1.25
-0.26%$0.695942
-1.90%$0.37488
-5.95%$4.00
-2.89%$0.066386
-1.81%$0.197701
-3.58%$0.679965
-3.76%$2,952.20
-0.73%$1.00
0.01%$0.172207
13.55%$0.999227
0.09%$2,889.12
-0.91%$108,174.00
-1.04%$0.999351
-0.03%$0.616314
-9.74%$0.944457
-6.26%$0.511994
-4.16%$2,899.74
-0.60%$0.09538
-5.54%$0.659143
-7.31%$108,209.00
-1.31%$667.11
-0.20%$0.00008939
-4.77%$0.958101
-2.61%$108,049.00
-1.10%$3,372.58
1.03%$3,389.84
1.12%$178.54
-2.84%$2.54
-0.77%$49.42
-2.47%$0.783264
-4.09%$208.27
-2.98%$0.01679884
-4.37%$22.48
-8.20%$1.11
-0.00%$0.186375
-4.36%$2.09
-3.07%$0.121762
-5.30%$0.284332
-4.86%$0.514753
-3.83%$0.01428611
-6.48%$0.01103149
-6.27%$111.39
0.01%$0.0000007
-2.73%$0.99969
0.01%$2.28
-7.40%$32.78
-4.52%$3.93
-11.78%$0.60657
-1.94%$0.629341
-4.72%$0.997513
0.01%$2.01
0.14%$2,757.01
-0.95%$41.38
0.26%$108,410.00
-0.66%$0.377281
-4.48%$0.226514
-0.97%$1.67
-4.13%$1.094
-0.04%$2,756.94
-1.06%$2,890.24
-1.70%$2,948.12
-0.78%$0.999438
-0.04%$0.717073
-2.81%$60.15
1.61%$2,980.52
-0.84%$0.286219
-4.76%$0.49087
2.48%$0.053161
-8.14%$108,356.00
-1.17%$2.85
-4.78%$9.11
-3.30%$0.513861
2.18%$2,756.61
-1.11%$107,701.00
-1.65%$1.76
-13.30%$1.25
-3.91%$0.191902
-2.00%$0.990438
-0.38%$0.01441889
-5.55%$0.04811193
-1.78%$1.53
-7.57%$0.397752
-6.06%$0.549867
-6.54%$0.135844
-6.50%$41.39
0.30%$0.416472
-6.19%$0.570167
-5.86%$0.61591
-9.07%$6.84
-5.42%$1.56
-1.83%$0.467044
-4.42%$1.00
-0.01%$0.061695
0.86%$0.00002213
-2.38%$6.21
-2.98%$105,920.00
0.60%$0.999801
0.01%$15.13
-5.39%$0.00456168
1.00%$2,927.84
-0.88%$2.54
-6.63%$37.77
0.52%$0.00000106
-4.13%$1.25
-7.04%$0.165533
-2.30%$0.999776
0.00%$0.081119
-4.43%$0.00000042
-2.98%$0.00412232
-11.58%$2,756.16
-0.93%$1.09
0.03%$1.001
0.07%$0.00693746
-5.68%$0.150279
-11.23%$1.62
-7.03%$3,040.76
-0.94%$1.002
0.01%$0.03871089
-4.06%$0.00457588
18.76%$0.561919
-3.13%$0.01896843
-4.44%$0.372777
-7.07%$3,009.62
-1.05%$1.34
-4.51%$2,758.08
-0.99%$0.354131
-0.59%$108,353.00
-1.17%$0.00653688
-3.79%$0.074033
-5.21%$108,796.00
0.57%$0.228224
1.37%$0.03400649
-2.31%$174.23
-2.96%$0.800487
-4.34%$0.00396711
-2.23%$125.57
-2.48%$2,760.56
-0.85%$0.00006054
-2.22%$21.40
-3.41%$19.89
-0.03%$0.021236
9.72%$0.999965
0.01%$0.999126
-0.06%$7.56
-7.25%$0.997857
0.04%$0.686987
-6.02%$0.681467
-1.66%$0.217542
-3.49%$0.00419315
-6.35%$0.00000141
-1.12%$0.00320784
-5.97%$108,093.00
-0.87%$25.88
-3.43%$0.475399
-4.14%$0.290346
-4.95%$1.003
-0.44%$2.31
-7.43%$16.58
-4.56%$2,176.78
-1.20%$1.018
-0.03%$0.131841
-0.36%Reading
Asset manager Franklin Templeton, which oversees $1.4 trillion on behalf of clients, today announced that one of its funds is now supported on the Polygon blockchain.
One of the world’s largest asset managers, Franklin Templeton said Wednesday that its Nasdaq-listed OnChain U.S. Government Money Fund (FOBXX) would use Polygon so it could “be further compatible with the rest of the digital ecosystem.”
FOBXX is Franklin Templeton’s crypto product which puts cash into American government securities, cash and repurchase agreements. It currently has over $270 million in assets under management (AUM).
It is the first U.S.-registered fund to use a blockchain to process transactions and record share ownership.
Polygon is the blockchain behind the 10th largest cryptocurrency by market cap, MATIC. It is a scaling platform for Ethereum, meaning that it works to make Ethereum faster and more efficient.
Head of Digital Assets at Franklin Templetonton Roger Bayston said: “Extending the reach of the Franklin OnChain U.S. Government Money Fund to Polygon enables the Fund to be further compatible with the rest of the digital ecosystem, specifically through an Ethereum-based blockchain.”
Amid a contagion-fueled crypto winter that has sent a chill through VC firms, coin holders, and NFT collectors alike, one project above all has made undeniable strides towards onboarding the masses and having the infrastructure to support them: Polygon, Decrypt’s pick for crypto project of the year. In 2022, Polygon’s perception evolved from one of many Ethereum scaling networks into a platform favored by major household brands and companies looking to harness Web3 tech, powering everything from...
Colin Butler, Global Head of Institutional Capital at Polygon Labs, added that “Franklin Templetonton is at the forefront” of tokenizing assets.
Investors can buy shares of FOBXX and hold them in digital wallets via the Benji Investments mobile app.
Polygon Labs President Ryan Wyatt, the former YouTube Gaming head, helped turn Polygon into one of the crypto industry’s rare winners in 2022. In a lively chat with Dan Roberts and Andrew Hayward, he revealed why the promise of digital ownership pushed him from the gaming world into crypto, and how Polygon has pulled giants like Starbucks, Reddit, and Instagram into Web3. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
Franklin Templeton has long been involved in crypto: It announced a digital asset venture fund two years ago, and started digitizing shares for a money market fund on Stellar’s blockchain back in 2019.
Editor's note: This article has been updated to correct Franklin Templeton's assets under management and reflect that the firm has had its fund on the Stellar network since 2019.
Bitcoin miner Bitdeer in May minted 196 BTC, an increase of over 18% from April—the latest monthly gain registered by a publicly traded miner as the industry slowly recovers from headwinds caused by a dip in the leading cryptocurrency's price and rising difficulty. Nasdaq-listed Bitdeer (BTDR) reported Wednesday that it also increased its hashrate to 13.6 exahash per second from 12.4 the previous month, due to new mining machinery. Exahash is a measurement of computational power. Data from Far...
Video game retailer GameStop said on Wednesday that it plans to offer $1.75 billion worth of convertible senior notes to investors, according to a company press release. The notes, which are not expected to bear interest, will mature in 2032, the company said, adding that the offering’s conversion price will be determined at a later date. Convertible notes allow a buyer to convert the debt into common stock under certain conditions. Although GameStop purchased 4,710 Bitcoin last month, the compa...
Invesco, which manages $1.8 trillion in assets, has appointed JP Morgan Chase blockchain veteran Kathleen Wrynn to lead its more than billion dollar digital asset portfolio, a move underscoring financial institutions growing interest in cryptocurrencies. Wrynn will serve as Invesco’s global head of digital assets—a newly created role that entails overseeing the management of various tokenized assets and cryptocurrency investments. Wrynn will also be in charge of initiatives such as tokenizing...
