Just over a year ago, Franklin Templeton launched its OnChain U.S. Government Money Fund, which has now surpassed $270 million in assets under management (AUM) for the tokenized fund. It’s the first U.S. registered fund to use a public blockchain (Stellar) to record transactions and shareholdings.
Franklin Templeton is a major player in the asset management sector, with $1.4 trillion in assets under management. Most of the portfolio assets are invested in the debt of Federal Home Loan banks.
“We believe that blockchain technologies have the potential to reshape the investment management industry by providing greater transparency and lower operational costs for traditional financial products,” said Roger Bayston, Head of Digital Assets at Franklin Templeton .” Blockchains like Stellar’s are important to the investment process of the future, and assets built on blockchain rails, like the Franklin OnChain U.S. Government Money Fund, will eventually be interoperable with the rest of the digital asset ecosystem.”
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