Franklin Templeton, a well-known global investment company, has added the Avalanche network to its unique money market fund that uses blockchain technology. This big step was meant to make it easier for large investors to get into the world of digital finance. It’s also another big step in the company’s ongoing commitment to using blockchain technology.
The Franklin OnChain U.S. Government Money Fund, which began operating in 2021, is now a part of the Avalanche network thanks to the growth. This is a groundbreaking move because it makes the first on-chain money market fund available on Avalanche. Institutional clients can now use Franklin Templeton’s Benji Investments, a blockchain-based tracking system, on the Avalanche network. This makes it easier and faster for them to handle their digital wallets, as long as they are eligible.
Adding Avalanche to Franklin Templeton’s financial services is part of the company’s larger plan to include digital assets in its products. Since 2018, the company has been researching blockchain technology. This latest growth shows that it is still committed to creating groundbreaking financial goods that meet the growing need for on-chain services.
Also, Franklin Templeton announced earlier this month that its fund would be launched on the Arbitrum network, which is a way for Ethereum to grow. The company keeps connecting traditional and digital finance by providing tokenized shares on a number of networks, such as Avalanche, Arbitrum, Stellar, and Polygon.
This addition to the Avalanche network shows that Franklin Templeton is still trying to be the best at providing financial services that use blockchain. By using blockchain technology in its products, the company is raising the bar for ease of use, openness, and speed in the financial world. Franklin Templeton is still at the heart of digital finance, always looking for new ways to make the benefits of open finance available to more people.
