Franklin Templeton, one of the world's largest asset managers, has added the Aptos Blockchain to support its OnChain US Government Money Market Fund (FOBXX). This move comes at a time when blockchain technology is increasingly merging with the traditional financial world.

Aptos Brings New Opportunities for Investors

Aptos (#APT🔥 ) is a layer-1 blockchain inspired by the Diem project (formerly Libra) developed by Meta. It has now become the latest network where investors can trade shares of this significant fund. The OnChain US Government Money Market Fund, with a market capitalization of $435 million, is the second-largest tokenized fund on the market and is already available on blockchain networks like Ethereum (via Arbitrum), Stellar, Polygon, and Avalanche.

Why Aptos?

According to Roger Bayston, Head of Digital Assets at #FranklinTempleton , Aptos was chosen for its unique features that meet the strict requirements of asset managers. The Benji platform, which Franklin Templeton uses for record-keeping, is integrated into the blockchain, and each Benji token represents one share of the fund.

Aptos is a relatively new layer-1 #blockchain , launched in 2022, utilizing the Move programming language, which is designed for faster and more secure transactions.

Bridging the Worlds of Traditional Finance and DeFi

The developers behind Aptos Labs have long aimed to bridge the gap between decentralized finance (#DEFİ ) and traditional financial institutions. Adding Franklin Templeton to their platform is another significant step toward this vision. In April, the firm also announced partnerships with Microsoft, Brevan Howard, and South Korean operator SK Telecom to support institutional experimentation with decentralized finance.

Excitement About the New Partnership

Bashar Lazaar, Head of Grants and Ecosystems at the Aptos Foundation, expressed his enthusiasm about the collaboration:
"Franklin Templeton's willingness to innovate in the name of a truly decentralized and accessible financial future is inspiring." He further emphasized the importance of connecting the traditional financial world (TradFi) with DeFi, as well as bridging EVM and non-EVM networks. According to him, the integration of the Benji Investments platform with the Aptos network is a crucial step in the right direction.

This significant move highlights how blockchain technologies can push the boundaries of traditional finance and bring a new level of innovation and efficiency.

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