Franklin Templeton, a major world asset official, said on Wednesday that he launched his US cash fund in Tokenized in Luxembourg, expanding access to European institutional investors.
The launch of the Franklin Onchain Us Government Money Fund marks the first home fund in Luxembourg investing in titles of the American government which are fully token, said the asset manager in a press release. This means that the actions of the fund are recorded and transferred to the blockchain rather than through traditional processes, using the transfer platform based on Franklin Templeton blockchain to offer improved transactions to offer efficiency, transparency and improved safety.
The fund is available on the stellar network (XLM) for institutional investors in Austria, France, Germany, Italy, Liechtenstein, the Netherlands, Spain and Switzerland, following regulatory approval in October by Luxembourg regulators. The version registered in the United States of the Fund has attracted more than $ 580 million in assets since its beginnings in 2021 and has been limited to American investors only, in accordance with Rwa.xyz data.
The US Treasury Treasury Treasury was at the forefront of the tokenization efforts of real assets heated by the red world, becoming an asset class of $ 4 billion this year. Franklin Templeton was the first among the traditional financial institutions to publish such a product, and this is the third largest cash flow fund token by assets under management behind the USYC and Buidl de Hashnote, published by Blackrock and Securitize.
Read more: Franklin Templeton extends $ 594 million in market funds in Solana
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