Reports say that the Fund launches on the Polygon blockchain.
Aiming for transparent, and secure democratized access to financial systems.
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.
.@FTI_US is now #onPolygon
Franklin OnChain U.S. Government Money Fund, the first U.S.-registered mutual fund run on blockchain, is now on @0xPolygon.
bringing transparent, interoperable & secure democratized access to financial instruments
https://t.co/CXAsNoqSg6 pic.twitter.com/K2nypcFZdd
— Polygon (Labs) (@0xPolygonLabs) April 26, 2023
Additionally, the Fund 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 Fun
We współpracy z: https://thenewscrypto.com/franklin-templetons-fund-launches-on-polygon-blockchain/
