According to Odaily, global asset management giant Franklin Templeton has extended its on-chain money market fund, FOBXX, to the Avalanche network. Represented by the BENJI token, FOBXX is currently traded on Stellar and Ethereum's Layer 2 solutions, Polygon and Arbitrum. Launched in 2021, this fund is notable for being the first U.S.-registered mutual fund to use a public blockchain for recording transactions and sharing ownership.