Global investment firm with $1.6 trillion in assets under management, Franklin Templeton, announced the expansion of its Layer 1 (L1) blockchain footprint to the Avalanche network.

The move comes via the Franklin Templeton OnChain U.S. Government Money Fund (FOBXX), the only U.S.-listed mutual fund that utilizes a public blockchain as its system of record to process transactions and record share ownership.

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