Franklin Templeton has incorporated the Aptos blockchain into its OnChain U.S. Government Money Market Fund (FOBXX), which now offers a total fund size of $435 million. This fund is now available for trading on Aptos, in addition to its existing availability on Ethereum, Arbitrum, Stellar, and Polygon.

The Aptos (APT) blockchain was developed based on the discontinued Diem (previously known as Libra) and is designed for faster and more secure transactions through its Move programming language.

Roger Bayston, Franklin Templeton's Head of Digital Assets, noted that Aptos meets their rigorous suitability standards for incorporating the fund into their Benji platform, a system integrating blockchain for record-keeping. Each Benji token represents one shared holding of the fund.

Bashar Lazaar from the Aptos Foundation expressed excitement for the integration, emphasizing the necessity to bridge traditional finance (TradFi) and decentralized finance (DeFi), aiming for a decentralized financial future.

For more information about this announcement, read the full article on CoinDesk.