👀👀Arbitrum (ARB) Support from $1.5 Trillion Giant Company!👀👀

According to Coindesk, Franklin Templeton has also launched its tokenized money market fund on the Arbitrum (ARB) network.

Franklin Templeton, the $1.5 trillion asset manager, announced on Thursday that it has launched its OnChain U.S. Government Money Market Fund (FOBXX) on Ethereum via the Arbitrum layer-2 blockchain. The leading Wall Street investment firm stated that this expansion will contribute to the integration of decentralized finance into the traditional financial system and help Franklin introduce the FOBXX fund to a new audience.

Roger Bayston, Head of Digital Assets at Franklin Templeton, said:

"Entering the Arbitrum ecosystem is an important step in strengthening our asset management capabilities with blockchain technology. We are excited about the opportunities this will create for both our firm and our clients." The $420 million OnChain US Government Money Market Fund was previously launched on Stellar and Polygon.

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