Franklin Templeton Launches Tokenized U.S. Treasury Fund in Luxembourg
Franklin Templeton, the world’s leading asset manager, Announce On Wednesday, it established a tokenized U.S. fiscal fund in Luxembourg, expanding access to European institutional investors.
The first one is completely symbolic of our government without funds
It is worth noting that, according to the press release, the Franklin Onchain U.S. Government Money Fund was the first fund to be fully labeled as Luxembourg Government Securities. This means using Franklin Templeton’s platform to record and transfer stocks in funds on the blockchain, thereby improving efficiency, transparency and security.
The fund operates on the Stellar XLM network and is intended for institutional investors in eight European countries, including Austria, France, Germany and Italy. Agree October. It is worth noting that the fund launched by the US version has received more than $580 million in assets, but is only applicable to U.S. investors.
European investors have access to effective investment options
The release has enabled institutional investors in eight European countries to gain more efficient and transparent investment options. By using blockchain, it modernizes transactions and emphasizes the growing growth of tokenization in finance. With the rise of tokenization in the real world, it is clear that traditional finance and cryptocurrencies are being merged.
Tokenized U.S. Treasury bonds are leading real-world tokenization, growing into a $4 billion market this year. Franklin Templeton is the first major financial institution to launch such a product, an asset issued by Blackrock and Securitization, Hashnote’s European Bureau of Statistics (Hashnote’s) USYC) and BUIDL’s third largest iconic fiscal fund.
Franklin Templeton
Recently, Franklin Templeton announced Expand the fiscal fund of its tokens to Solana. The move comes after registration with the Franklin Solana Trust, Delaware. Also known as the Franklin Ono Ono Government Money Fund (FOBXX), the fund is accessible on eight blockchains and has added Solana to its previous network, including Stellar, Aptos, Avalanche , arbitration, arbitration, polygons, foundations and ethereum.
