• Franklin Templeon, one of the world’s largest investment management firms, has launched its OnChain U.S. Government Money Fund on the Polygon blockchain.
• The fund currently manages around $270 million in assets and is the first U.S.-registered mutual fund to use a public blockchain to process transactions and record share ownership.
• BENJI tokens represent one share of the Franklin OnChain U.S. Government Money Fund, and are available through the Benji Investments app in mobile app stores.
Franklin Templeton Launches $270M Money Market Fund on Polygon
Franklin Templeton, an investment management firm with about $1.4 trillion in assets under management, has extended its OnChain U.S. Government Money Fund to the Polygon blockchain. The fund currently manages around $270 million in assets and is the first U.S.-registered mutual fund to use a public blockchain to process transactions and record share ownership with this amount under management.
BENJI Tokens Represent One Share
One share of the Franklin OnChain U.S. Government Money Fund is represented by one BENJI token, which can be accessed through mobile app stores via Benji Investments app – an online platform allowing users to invest easily into cryptocurrency projects without needing any specialist knowledge or technical understanding of how cryptocurrencies work or how they’re traded on exchanges or wallets systems like MetaMask or Coinbase Wallet etc., enabling anyone familiar with using a smartphone to access these opportunities quickly and securely without needing prior knowledge of blockchain technology itself – making it easy for newcomers as well as experienced investors alike to get involved in cryptocurrency investments without needing any specialist technical understanding beforehand at all times regardless of their experience level; something which would prove invaluable when it comes time for more people from outside traditional finance circles getting involved with crypto projects too!
The Cryptocurrency Market
The cryptocurrency market has been experiencing a severe bear market for the past year and a half due to dramatic asset price decreases, numerous bankruptcies, and troubles with regulators taking it aback significantly; however now that some institutions are returning (namely Franklin Templeton launching this money market fund on Polygon) perhaps things may start improving soon!
Extending Reach Through Layer 2 Blockchain
Extending the reach of the Franklin OnChain U