Franklin

United

Polygon

Stellar

<div class="coinjournal">
 <ul>
  <li>Franklin Templeton tokenizes US Gov Money Fund on Polygon and Stellar for P2P transfers.</li>
  <li>Franklin Templeton is competing with BlackRock’s Ethereum-based BUIDL fund in the tokenized assets niche.</li>
  <li>Franklin Templeton maintains a 32% market share.</li>
 </ul>
 <p>In a move that marks a significant advancement in the realm of digital asset management, Franklin Templeton has announced the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>ization of its US Government Fund on the <a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a> and Stellar blockchains.</p>
 <p>By embracing blockchain technology, Franklin Templeton aims to enable peer-to-peer transfers for shares in its Franklin OnChain United States Government Money Fund (FOBXX), represented by the BENJI token.</p>
 <h2 id="franklin-templeton-competing-with-blackrock">Franklin Templeton competing with BlackRock</h2>
 <p>Franklin Templeton’s initiative comes amidst a competitive landscape, with BlackRock’s new BUIDL fund emerging as a formidable contender in the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>ization space.</p>
 <p>Partnering with Securitize on Ethereum, BlackRock’s BUIDL fund has swiftly garnered market share, albeit slightly trailing Franklin Templeton’s offering in terms of Assets Under Management (AUM).</p>
 <p>The competition between these two investment giants is poised to intensify as they vie for dominance in the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>ized U.S. Treasuries niche. At the moment, Franklin Templeton maintains its stronghold in the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>ized U.S. Treasuries niche, boasting a substantial market share of 32%.</p>
 <h2 id="expanding-utility-in-the-digital-asset-ecosystem">Expanding utility in the digital asset ecosystem</h2>
 <p>The tokenization of Franklin Templeton’s US Government Funds signifies a strategic move towards enhancing connectivity within the digital asset ecosystem.</p>
 <p>By enabling peer-to-peer <a rel="noopener noreferrer nofollow" title="transfers" href="https://thebittimes.com/tag/transfers.html">transfers</a> of BENJI <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s, the firm aims to broaden the utility of its fund, allowing investors greater flexibility in managing their assets. The move underscores Franklin Templeton’s commitment to leveraging blockchain technology to innovate and adapt to evolving market trends.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/franklin-templeton-tokenizes-380m-fund-on-polygon-and-stellar-for-p2p-transfers-tbt86586.html">https://thebittimes.com/franklin-templeton-tokenizes-380m-fund-on-polygon-and-stellar-for-p2p-transfers-tbt86586.html</a></p>

Franklin Templeton tokenizes $380M fund on Polygon and Stellar for P2P transfers

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