Global asset management giant Franklin Templeton has announced that it will be expanding its US Government Monetary Fund (FOBXX) to the Aptos (APT) blockchain, having previously launched on Avalanche.
Franklin Templeton Expands to Aptos!
Franklin Templeton has taken a significant step in bridging traditional and decentralized finance by integrating the Franklin OnChain US Government Money Fund (FOBXX) onto the Aptos blockchain.
The fund, which has $435 million in assets, invests primarily in U.S. government securities. Each share of the fund is represented by a BENJI token stored in digital wallets.
“We selected Aptos Network for the Benji platform because of its unique features that meet our rigorous compliance standards,” said Roger Bayston, head of digital assets at Franklin Templeton.
“Franklin Templeton’s drive to innovate for a truly decentralized and accessible financial future is inspiring. Integrating Benji Investments’ platform with Aptos Network is a big step in the right direction, and we look forward to welcoming them to the Aptos ecosystem,” said Bashar Lazaar, Head of Grants and Ecosystem at the Aptos Foundation.
Originally launched on Stellar and the second largest tokenized fund in the market with a market cap of $435 million, the FOBXX fund is currently available on Ethereum, Arbitrum, Stellar, Polygon, and Avalanche.
*This is not investment advice.
