“I think the Avalanche ecosystem represents a super robust network that allows us to deliver high quality attributes and characteristics to our customers,” Roger Bayston, head of digital assets at Franklin Templeton told CoinDesk.
“But two, being able to work with the team to deliver and bring to bear real world utilities and use cases for users today that are potentially off chain that now have these new suite capabilities and access points that they don’t have today or are more cumbersome today.” FOBXX launched in 2021 and became the first money market fund to use a public blockchain to record transactions and ownership. Three years later, it currently stands at a $420 million market cap.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.