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TechFlow reports that asset management giant Franklin Templeton plans to expand its on-chain money market fund, Franklin Onchain U.S. Government Money Fund (FOBXX), to the Avalanche, Aptos, and Arbitrum blockchains. FOBXX is primarily issued on the Stellar blockchain.
Previously, the fund expanded to the Polygon blockchain, but as of now, its balance on Polygon stands at only $2 million.
Franklin Templeton, the asset management giant, plans to expand its onchain money market fund, Franklin Onchain U.S. Government Money Fund (FOBXX), to the Avalanche, Aptos, and Arbitrum blockchains. FOBXX is primarily issued on the Stellar blockchain. Previously, the fund expanded to the Polygon chain, but as of now, its balance on Polygon stands at only $2 million.
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