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Franklin Templeton Has Extended Its U.S. Treasury Money Market Fund to Base Chain

Franklin Templeton Has Extended Its U.S. Treasury Money Market Fund to Base Chain

Bitget2024/10/31 14:48

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.

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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.

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