Investment firm Franklin Templeton has announced that its Franklin OnChain U.S. Government Money Fund (FOBXX) has surpassed $270 million in assets under management (AUM) as of March 31, 2023. The Fund is the first U.S.-registered fund to use a public blockchain for processing transactions and recording share ownership. It currently utilizes the Stellar blockchain network for transaction activity and is available through the Benji Investments app.
Franklin Templeton is a global investment management firm, founded in 1947, with headquarters in California, USA. It offers a wide range of financial solutions, including mutual funds, retirement plans, and institutional services. With over $1.5 trillion in assets under management, the firm is one of the largest investment firms.
Stellar is a layer-1 open-source, decentralized, peer-to-peer blockchain network that provides a framework for developers to create applications, issue assets, and connect to existing financial rails.
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