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    ForexJournal » Crypto » Franklin Templeton Launches Money Market Fund on Ethereum
    Crypto

    Franklin Templeton Launches Money Market Fund on Ethereum

    Author AvatarBy Ruby Chambers November 17, 2024 No Comments 3 Mins Read
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    After putting its flagship crypto product on a range of different blockchains, Wall Street giant Franklin Templeton has finally launched its fund on Ethereum proper. 

    The asset manager on Thursday said that its Nasdaq-listed On-Chain U.S. Government Money Fund (FOBXX) is now available on the crypto network behind the second biggest digital coin, ETH.

    FOBXX is a fund that lets customers put cash into U.S. government securities, cash, and repurchase agreements. It allows investors to buy shares and hold them in digital wallets via the Franklin Templeton’s Benji Investments mobile app.

    The fund is available on a number of blockchains, including Avalanche, Stellar,

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    Ruby Chambers

    She is a seasoned financial market analyst, specializing in Forex and cryptocurrency news. With a sharp eye for trends and a deep understanding of global markets, she provides insightful commentary and analysis, helping traders and investors stay informed and make strategic decisions. Her expertise bridges the gap between complex market data and practical, actionable advice.

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