Wall Street giant Franklin Templeton has finally launched its fund on Ethereum, allowing customers to invest in U.S. government securities, cash, and repurchase agreements. The Nasdaq-listed On-Chain U.S. Government Money Fund (FOBXX) is now available on the crypto network behind the second biggest digital coin, ETH.
This marks the first time that Franklin Templeton has deployed on Ethereum’s mainnet. FOBXX is a unique U.S.-registered fund that uses a public blockchain as the system of record to process transactions and record share ownership.
