Franklin Templeton Has Extended Its U.S. Treasury Money Market Fund to Base Chain
On October 31, custody giant Franklin Templeton has expanded its on-chain U.S. Treasury Money Market Fund (FOBXX) to Coinbase's Layer 2 blockchain Base, becoming the first custody firm to establish a presence on the platform. The fund, which has a market capitalization of $410 million, is already tradable on five blockchains - Stellar, Aptos, Avalanche, Arbitrum and Polygon - with Stellar being the primary network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks
Santiment: Stablecoin yields decline, Ethereum may soon return to the $3,200 level
Data: Ethereum staking rate reaches 28.65%, Lido market share at 24.12%