Polygon

<ul><li>Reports say that the Fund launches on the Polygon blockchain.</li><li>Aiming for transparent, and secure democratized access to financial systems.</li></ul>On Wednesday, a global investment managing organization, Franklin Templeton announced the ‘Fund’ is supported on the Polygon blockchain. The ‘Fund’ refers to the Franklin OnChain U.S. Government Money Fund (FOBXX) which uses public blockchain for processing transactions and recording share ownership respectively.Additionally, the <a href="https://thenewscrypto.com/franklin-templeton-announces-the-fund-surpasses-270m-assets/" rel="noopener noreferrer nofollow">Fund</a> aims to provide a stable $1 share price for the investors by investing at least 99.5% of assets in government securities and others. In this, one share of the Fund is represented by one BENJI token which is available in digital wallets of the Benji Investment Application.The first U.S.-registered mutual fund has a transfer agent that records and maintains the share ownership using a blockchain-integrated system. Furthermore, Franklin Templeton wants to benefit Fund shareholders by focusing on enhanced security, reduced charges, and faster transactions.<h3 id="strong-what-do-representatives-say-strong">What Do Representatives Say?</h3>The Head of Digital Assets at Franklin Templeton, Roger Bayston said,<blockquote>“Extending the reach of the Franklin OnChain U.S. Government Money Fund to Polygon enables the Fund to be further compatible with the rest of the digital ecosystem, specifically through an Ethereum-based blockchain. This furthers our distribution reach through a Layer 2 (L2) blockchain that has a proven track record.”</blockquote>However, the Global Head of Institutional Capital at <a href="https://thenewscrypto.com/polygon-labs-reduces-workforce-by-20-amid-wave-of-layoffs/" rel="noopener noreferrer nofollow">Polygon Labs</a>, Colin Butler said Franklin Templeton turns out to be at the forefront. Because, it brings forth secure ad transparent access, and interoperability supplied with Polygon. He also believes that the tokenized assets will positively impact the global financial system.Consequently, Butler added that the Polygon blockchain ecosystem has put forth DeFi, NFTs, and enterprises adoption involving its sidechain, sovereign blockchains, layer 2, and Ethereum scalability solutions. Significantly, the Polygon blockchain gives access to a $260 billion market which is nearly equal to Ethereum-based (ERC-20) assets.Moreover, Polygon Labs explores a futuristic way for the massive adoption of Web3 together.

Franklin Templeton’s Fund Launches on Polygon Blockchain

목차

TheNewsCrypto

2023년 4월 27일에 게재된 다른 기사

Top NFT Marketplace Blur Shows Bullish Trend in the Crypto Market

Binance Partners with Unstoppable Domains to Launch Binance US on Polygon for Fast Crypto Trading

USDC Market Cap Drops by Half Due to Regulatory Crackdowns

Rangers Protocol New Milestone: Dapps Now Listed on DappRadar

Inside Planet42’s plans to provide rent-to-buy car subscriptions across Africa: An interview with...

Visa Has Ambitious Crypto Plans, Crypto Daily TV 27/4/2023 $USDC

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!