Franklin Templeton Tokenizes US Gov Funds And Enables Peer-to-Peer Trades On Blockchain.

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.

Participants in the OnChain U.S. Government Money Fund can now swap shares directly.

Franklin Templeton is now opening the door for new possibilities with its decision to enable peer-to-peer fund transfers for the Franklin OnChain U.S. Government Money Fund (FOBXX), the first time that the United States-registered mutual funds are operating using blockchain technology.

The feature helps to expand the utility of the Franklin OnChain U.S. Government Money Fund's BENJI token and make it more interconnected with the digital asset ecosystem.

Top investment management firm Franklin Templeton has announced the availability of shares of the Franklin OnChain United States Government Money Fund (FOBXX) on the blockchain. Franklin Templeton Ties Shares To BENJI Token As it announced, peer-to-peer transfers for tokenized shares in the FOBXX fund on the public blockchain have been enabled.