Franklin Templeton Proposes Tokenized Govt. Money Market Fund on Stellar Blockchain

The initiative is expected to bring cryptocurrencies to the mainstream
The fund itself is not likely to invest in cryptocurrencies
Heavyweights in American finance are entering the crypto space

Investment firm Franklin Templeton wants to use digital currencies as the choice of investment tool in a new fund. The initiative is likely to bring cryptocurrencies in general and Stellar in particular to the mainstream.

Fully Collateralized By Government Securities

The global investment fund that controls at least $700 billion in assets filed a preliminary prospectus with the United States’ Securities and Exchange Commission (SEC) regarding a money market fund whose shares will be tokenized on the Stellar network. As per the document, the fund will invest some 99.5% of the assets it…

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