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