The American asset management giant "Franklin Templeton" launched the "Franklin OnChain U.S. Government Currency Fund (FOBXX)" as early as 2021. According to the latest news, the company has now expanded this fund to the Layer1 public chain Aptos, further deepening the integration of blockchain and traditional financial markets.
FOBXX is currently the second largest tokenized treasury bond product with a market capitalization of US$435 million. It was initially issued on the Stellar blockchain and has since gradually expanded to networks such as Arbitrum, Polygon, Avalanche and Aptos.
According to reports, FOBXX uses a public chain to process transactions and record equity mutual funds, and provides investment for qualified investors through Franklin Templeton’s Benji Investments platform.
Roger Bayston, head of digital assets at Franklin Templeton, said Aptos’ unique capabilities meet the company’s strict suitability standards for the Benji platform.
Bashar Lazaar, director of grants and ecosystems at the Aptos Foundation, said: "Franklin Templeton's willingness to innovate in the name of a truly decentralized, accessible future of finance is inspiring."
To realize this future, we need to connect not only the TradFi and DeFi worlds, but also EVM and non-EVM networks. The integration of the Benji Investments platform into the Aptos network is an important step in the right direction and we look forward to welcoming them to the Aptos ecosystem.
Franklin Templeton’s decision to expand FOBXX to Aptos reflects the company’s commitment to advancing digital financial products and services. The integration is expected to improve operational efficiency and attract a new generation of investors interested in blockchain solutions. who.
"Franklin Templeton: Its tokenized fund FOBXX expands to Aptos" This article was first published on (Block Guest).
