Franklin Templeton has begun providing P2P transfers for its tokenized money market fund

Time:2024-04-26 03:35 Source:Internet Copy share

Asset management company Franklin Templeton has begun providing P2P transfers for its tokenized fund called OnChain U.S. Government Money Fund (FOBXX).Participants can transfer BENJI fund tokens without any intermediary.Currently, the BENJI token is available on Stellar and Polygon.The token itself is a share of a fund that holds government securities, cash, repurchase agreements and pays a stable yield.FOBXX has a capitalization of $380 million.
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