**Aptos Foundation and Franklin Templeton Integrate OnChain Money Fund**

Aptos Foundation has teamed up with global asset management giant Franklin Templeton to integrate the Franklin OnChain US Government Money Fund (FOBXX) on the Aptos blockchain. This move leverages Aptos' layer-1 blockchain, powered by the Move programming language, to support Treasury-backed funds in non-Ethereum Virtual Machine (EVM) environments.

The fund, which invests in US government securities and cash, has over $427.95 million in assets under management. Notably, it's the first US-registered mutual fund to use blockchain tech for transactions and share ownership, initially on the Stellar network. Each share is tokenized as a BENJI token, storable in digital wallets.

Aptos, founded by ex-Meta blockchain project Diem members Mo Shaikh and Avery Ching, has seen significant growth. In May 2024, it hit a record 115.4 million transactions in a single day. Since its October 2022 launch, it has completed over 1.7 billion transactions and holds $545 million in total value locked, according to DefiLlama.

Franklin Templeton's head of digital assets, Roger Bayston, highlighted Aptos' unique characteristics as a key factor in their choice. Tokenization of funds is gaining traction, with other major players like BlackRock and ParaFi Capital also entering the space.