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Franklin Templeton's Tokenized Money Market Fund Expands to Arbitrum

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Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

This is the third blockchain where the fund's shares can be traded. Previously, the fund was tokenized on Stellar and Polygon, another layer-2 network of Ethereum.

The Wall Street investment giant said the expansion will help the integration of decentralized finance into the traditional financial system and help Franklin reach a new audience for FOBXX.

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