The post Franklin Templeton Expands Tokenized U.S. Money Fund to Aptos Blockchain appeared on BitcoinEthereumNews.com.

Franklin Templeton expands its tokenized U.S. Government Money Fund (FOBXX) to the Aptos blockchain, increasing access for institutional investors. The BENJI token serves as the fund’s representation, allowing investors to hold tokenized shares of assets backed by the U.S. Treasury. Expanding its tokenized U.S. Government Money Fund (FOBXX) to the Aptos blockchain has Franklin Templeton, a worldwide leader in asset management, significantly advanced blockchain technology. This action represents the company’s continuous dedication to close the gap between blockchain ecosystems and real-world assets by including traditional finance (TradFi) with distributed finance (DeFi). For institutional investors, who may now hold their digital wallets and assets on this creative non-Ethereum Virtual Machine (EVM) network, the addition to Aptos offers still another degree of accessibility. New chain unlocked. BENJI and @Aptos partnership is now live! Aptos is a Layer 1 blockchain providing safety and scalability to drive growth and adoption within a decentralized ecosystem Download the Benji app here: https://t.co/ITah6qMtns pic.twitter.com/ni5pctv5zC — Franklin Templeton Digital Assets (@FTI_DA) October 2, 2024 BENJI Token Enhances Flexibility and Security for U.S. Treasury-Backed Investments  The BENJI token represents this fund, which already boasts assets under management of about $435 million. By allowing investors to hold tokenized shares of U.S. Treasury-backed assets, the BENJI token offers a more flexible and quick approach to handling their funds. Franklin Templeton makes sure that Aptos’s special qualities—fast transaction processing and improved security measures—keep their Benji Investments platform constantly satisfying the high requirements set by institutional investors. Franklin Templeton’s larger approach to running on several blockchains allows for more interoperability, so the pick of Aptos fits his strategy. Right now, as we previously noted, Avalanche, Stellar, Polygon, and Arbitrum also have the money accessible. Every blockchain has unique benefits, and Franklin Templeton’s presence on several systems highlights the rising relevance of tokenized assets…

---

Filed under: News - @ October 3, 2024 6:14 am