CandleFocus Franklin Templeton Adds Aptos Blockchain to Support Tokenized Money Market Fund
2024-10-02
Author: Content Editor
The Aptos blockchain has become the latest platform for investors to trade shares of Franklin Templeton's OnChain U.S. Government Money Market Fund (FOBXX). The fund is already available on Ethereum, Stellar, Polygon, and Avalanche. Aptos' unique characteristics and adherence to Franklin Templeton's standards for its blockchain-integrated recordkeeping system were cited as reasons for the addition. Aptos aims to bridge the gap between decentralized finance (DeFi) and traditional institutions and has partnered with Microsoft, Brevan Howard, and SK Telecom to facilitate institutional participation in DeFi. Its integration with Franklin Templeton's Benji Investments platform is seen as a major step toward connecting different financial ecosystems.
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