Franklin Templeton Launches Money Market Fund on $ETH

Wall Street titan Franklin Templeton has launched its tokenized money market product FOBXX on Ethereum, following several other chains

its Nasdaq-listed On-Chain U.S. Government Money Fund (FOBXX) is now available on the crypto network behind the second biggest digital coin, $ETH .

FOBXX is a fund that lets customers put cash into U.S. government securities, cash, and repurchase agreements. It allows investors to buy shares and hold them in digital wallets via the Franklin Templeton’s Benji Investments mobile app.