Franklin Templeton, a trailblazing global asset manager, has made a groundbreaking move by expanding its Franklin OnChain U.S. Government Money Fund to the Avalanche ($AVAX) network ¹. This pioneering step marks a significant milestone in the blockchain space, solidifying Franklin Templeton's commitment to innovation and digital transformation.
A New Frontier in Blockchain Investing
The expansion to Avalanche enables institutional investors to access the fund through digital wallets on the Benji Investments platform, with the option to maintain their wallets on the Avalanche network ². This move not only broadens the scope of the fund but also provides investors with unparalleled flexibility and security.
Tokenized Shares Across Multiple Platforms
With this addition, Franklin Templeton now offers tokenized shares across four prominent platforms:
- Avalanche ($AVAX)
- Arbitrum
- Stellar
- Polygon
This multi-platform approach demonstrates Franklin Templeton's dedication to bridging traditional finance and decentralized finance (DeFi), offering investors a seamless and diversified experience.
Avalanche: A Robust Foundation for Growth
Avalanche, renowned for its high performance and scalability, provides a robust foundation for this expansion ³. Its Ethereum Virtual Machine (EVM) compatibility and unique architecture make it an attractive choice for institutional investors seeking to leverage blockchain technology.
A Strategic Move Towards Digital Transformation
Franklin Templeton's expansion to Avalanche is a strategic move towards digital transformation, reflecting the firm's commitment to innovation and customer satisfaction ⁴. By embracing blockchain technology, Franklin Templeton is poised to revolutionize the financial services industry, offering investors unprecedented access to digital assets.
A New Era in Financial Services
The collaboration between Franklin Templeton and Avalanche marks the beginning of a new era in financial services, where traditional finance and DeFi converge ⁵. As the financial landscape continues to evolve, Franklin Templeton's pioneering spirit and commitment to innovation will undoubtedly shape the future of blockchain investing.
#AvalancheAVAX
#AvalancheNetwork #FranklinTempleton #BlockchainInvesting

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.

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The altcoin SUI, listed on Binance, has announced a strategic partnership with Franklin Templeton Digital Assets, significantly boosting its price and enhancing confidence in its ecosystem.
Strategic Partnership to Develop the SUI Ecosystem
According to the latest reports, SUI has entered into a partnership with Franklin Templeton Digital Assets. This collaboration aims to support creators and developers within the SUI ecosystem and to distribute advanced technologies leveraging the SUI blockchain protocol.
“Sui has entered into a strategic partnership with Franklin Templeton Digital Assets to support Sui ecosystem creators and distribute new technologies utilizing the Sui blockchain protocol,” project representatives stated.
Franklin Templeton Digital Assets will play a key role in supporting developers and tech startups building on the SUI blockchain. Additionally, the company has previously supported some projects within the SUI ecosystem, demonstrating its long-term commitment to advancing this technology.
Positive Impact on SUI's Price
The announcement of this partnership had an immediate effect on SUI’s price, which saw a notable increase following the news. This market reaction underscores investor confidence in the altcoin's potential and the value of collaboration with a prominent player like Franklin Templeton.
Recent Issues with the SUI Network
This positive development comes shortly after the SUI blockchain faced technical issues. The network experienced a disruption that temporarily halted the production of new blocks. However, it seems the project team has managed to stabilize the situation and refocus on growth and innovation.
The partnership between SUI and Franklin Templeton Digital Assets could be a pivotal step in advancing the ecosystem and ensuring the stability of this altcoin in the market. Investors and tech enthusiasts will closely monitor its future developments.

#BinanceExchange , #SUI🔥 , #FranklinTempleton , #CryptoNewss , #Cryptocurrencies

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“