Franklin Templeton has expanded its on-chain money market fund to the Avalanche network, making it the first U.S.-registered mutual fund to use a public blockchain for transaction processing and share ownership recording. The move is expected to increase the fund's appeal, given Avalanche's reputation for supporting robust and scalable blockchain solutions. The integration of the Benji platform with the Avalanche network will expand access to Franklin Templeton's tokenized money market fund, providing investors with more opportunities to participate in blockchain-enabled finance. The collaboration between Benji platform and Franklin Templeton is expected to encourage the development of new blockchain innovations, strengthening the platform's position in the financial ecosystem.

#crypto2023A