Franklin Templeton’s Daring Dance with Tokenized Treasuries! 💃💰

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What to know:

  • Franklin Templeton has gallantly launched the first fully tokenized U.S. Treasury fund registered in Luxembourg. How avant-garde! 🎩
  • The U.S.-based version of the Franklin OnChain U.S. Government Money Fund has seduced $580 million of assets since its 2021 debut. Quite the charmer, isn’t it? 💸
  • This fund will be available to institutional investors across eight European countries. Because why not spread the wealth? 🌍

On this fine Wednesday, Franklin Templeton, that illustrious titan of global asset management, has unveiled its tokenized U.S. Treasury fund in Luxembourg, thus opening the floodgates for European institutional investors. How generous of them! 🥳

The launch of the Franklin OnChain U.S. Government Money Fund is nothing short of a spectacle, marking the first Luxembourg-domiciled fund investing in U.S. government securities that is fully tokenized. One can only imagine the gasps of delight from the financial elite! This means shares in the fund are recorded and transferred on the blockchain, rather than through the tedious traditional processes. Efficiency, transparency, and security—oh my! What a trifecta! 🔒✨

Available on the Stellar Lumens network (XLM), this fund is ready to dazzle institutional investors in Austria, France, Germany, Italy, Liechtenstein, the Netherlands, Spain, and Switzerland, following a regulatory approval that surely involved much pomp and circumstance in October. The U.S.-registered version has already attracted over $580 million of assets since its 2021 debut, but alas, it is limited to U.S.-based investors only. A pity for the rest of us! 😏

Tokenized U.S. Treasuries have become the belle of the ball in the realm of real-world asset tokenization, blossoming into a $4 billion asset class this year. Franklin Templeton, the first among traditional financial institutions to release such a product, now finds itself the third largest tokenized treasury fund by assets under management, trailing only behind the illustrious Hashnote’s USYC and the ever-so-dashing BUIDL, issued by BlackRock and Securitize. What a delightful competition! 🎉

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2025-02-19 16:59