Franklin Templeton, which manages $1.5 trillion in assets, announced that its OnChain U.S. Government Money Market Fund (FOBXX) has been launched on Ethereum's second-layer blockchain Arbitrum. This is the third blockchain the fund has launched after Stellar and Polygon. Franklin Templeton said that the Stellar network is the official equity record of the fund, but the fund can also use the Polygon and Arbitrum networks upon request and qualifications. Arbitrum will initially be open to institutional wallets. It is reported that the fund, which was launched in 2021 and currently has a market value of US$420 million, is the third largest on-chain product linked to US Treasuries. (CoinDesk)