A $1.4T Financial Giant Expands Its Money Market Fund on Polygon

the fund is available on its network. Stellar has a $2.5 billion market capitalization and Polygon's is over $9.5 billion.

“Extending the reach of the Franklin OnChain U.S. Government Money Fund to Polygon enables the fund to be further compatible with the rest of the digital ecosystem, specifically through an Ethereum-based blockchain,” said Roger Bayston, head of digital assets at Franklin Templeton, in the press release.

Franklin Templeton, which has been a proponent of blockchain technology in the past, continues to see operational efficiencies through use of a blockchain-integrated system, according to the statement. The firm announced in September that it willThe fund, which aims to provide steady income for its holders, invests at least 99.5% of its assets in government securities, cash and repurchase agreements.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Franklin Templeton expands its onchain money market fund to PolygonInvestment management giant Franklin Templeton expanded its OnChain U.S. Government Money Fund to the Polygon blockchain.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Argentina’s peso, at record lows in black market, stokes market jittersArgentina's peso tumbled to a record low in the popular black market as an election build-up sows uncertainty and the economy shows strains beyond the country's all-important grains exports, hit by a crippling drought.
Source: Reuters - 🏆 2. / 97 Read more »

'Easy money is behind us, the hard money is now,' Stifel's chief strategist warnsStock pickers may have a clear edge over passive investors. According to Stifel's Barry Bannister, the market is on a road to nowhere until 2031.
Source: CNBC - 🏆 12. / 72 Read more »