Overview
Franklin Templeton, a prominent global asset management firm, announced on Wednesday the launch of its tokenized U.S. Treasury fund in Luxembourg, which will grant European institutional investors access to innovative financial products.
Key Points:
- The newly introduced fund is the first fully tokenized U.S. Treasury fund registered in Luxembourg.
- The U.S.-based version of the Franklin OnChain U.S. Government Money Fund, since its market entry in 2021, has accumulated an impressive $580 million in assets.
- This fund will be available to institutional investors across eight European countries including Austria, France, and Germany.
The Franklin OnChain U.S. Government Money Fund operates on the Stellar Lumens (XLM) network and uses Franklin Templeton’s proprietary blockchain technology to manage the fund’s transactions efficiently, securely, and transparently.
Companies like Franklin Templeton are leading the charge in the tokenization of real-world assets into broad investment categories, which currently includes a rapidly growing sector valued at around $4 billion this year.
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Disclaimer: Parts of this article may have been generated with AI tools and reviewed for accuracy.
