Franklin Templeton, managing assets of $1.6 trillion, launched the US Government Money Fund (FOBXX) on the Solana blockchain on February 12. This fund, with assets of $512 million and a yield of 4.2 percent, invests in U.S. government bonds, cash, and safe repurchase agreements. Franklin Templeton is expanding its presence on the Solana blockchain, aiming to attract institutional participants. FOBXX is also available on blockchains such as Ethereum and Avalanche and is the first U.S. fund to use blockchain for transactions and record-keeping.
2/13/2025 7:33:59 AM (GMT+1)
Franklin Templeton launches the US Government Money Fund (FOBXX) on the Solana blockchain with assets of $512 million and a yield of 4.2 percent for institutional investors
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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