Franklin Templeton, a global asset management firm, has extended its Franklin OnChain US Government Money Fund to the Avalanche network. This move marks the first onchain money market fund on Avalanche, providing institutional investors access to Franklin Templeton’s blockchain-integrated record-keeping system, Benji Investments. The firm's expansion to Avalanche is part of its ongoing digital asset initiatives, with a focus on blockchain technology since 2018. Ava Labs president John Wu expressed excitement about this development, highlighting its foundational importance. Additionally, Franklin Templeton recently applied to the SEC for a new ETF, the Franklin Crypto Index ETF, aimed at offering a comprehensive crypto portfolio. The firm has also launched the fund on Arbitrum to bridge traditional finance with decentralized finance, allowing users to acquire tokenized shares for low-risk investment yields. With this expansion, Franklin Templeton now provides tokenized shares on Avalanche, Arbitrum, Stellar, and Polygon. Read more AI-generated news on: https://app.chaingpt.org/news