Franklin Templeton Expands On-Chain Money Market Fund FOBXX to Avalanche Network

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ODAILY
08-22
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Odaily Odaily News Global asset management giant Franklin Templeton has expanded the on-chain money market fund FOBXX to the Avalanche network. FOBXX is represented by the BENJI token and is currently traded on Stellar and Ethereum Layer 2 Polygon and Arbitrum. The fund was launched in 2021 and is the first U.S. registered mutual fund to use a public blockchain to record transactions and shared ownership. (TheBlock)

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