![]() Tokenized assets are going to positively rewire the global financial system, and Franklin Templeton is at the forefront of this movement.” "When we take a step back and look at these things less as blockchain products and more as benefits created by utilizing blockchain rails, we start to see the ‘why’. "It’s amazing to have a legacy institution like Franklin Templeton bringing transparency, interoperability, and secure, democratized access to their financial instruments, all things afforded with Polygon," said Colin Butler, Global Head of Institutional Capital at Polygon Labs. Token holders can gain exposure to the Fund in digital wallets through the Benji Investments app, available in mobile app stores. Government Money Fund is represented by one BENJI token. The Fund’s investment goal is to provide investors with as high a level of current income as is consistent with the preservation of shareholders’ capital and liquidity and aims to maintain a stable $1.00 share price. The Fund offers a competitive yield and is a regulated 1940 Act fund that invests at least 99.5% of its total assets in government securities, cash and repurchase agreements collateralized fully by government securities or cash. Tapping into the scope and breadth of the Ethereum ecosystem opens up a world of possibilities for investors. This furthers our distribution reach through a Layer 2 (L2) blockchain that has a proven track record,” said Roger Bayston, Head of Digital Assets at Franklin Templeton. Government Money Fund to Polygon enables the Fund to be further compatible with the rest of the digital ecosystem, specifically through an Ethereum-based blockchain. “Extending the reach of the Franklin OnChain U.S. The Fund’s transfer agent maintains the official record of share ownership via a proprietary blockchain-integrated system that utilizes blockchain technology for transaction activity. Government Money Fund (FOBXX) (the “Fund”), the first U.S.-registered mutual fund to use a public blockchain to process transactions and record share ownership, is now supported on the Polygon blockchain.įranklin Templeton continues to see operational efficiencies through use of a blockchain-integrated system, including increased security, faster transaction processing and reduced costs, benefiting Fund shareholders. That is in turn furthered by this safe, transparent system we are creating, called the Blockchain Biosphere for Sustainability.Franklin Templeton today announces that the Franklin OnChain U.S. The catalyst for participation is trust, granted by blockchain. We want to even out the playing field and empower everyone – individuals, businesses and institutions alike – to participate in the development of interconnected ecosystems where every single action is accounted for and its impact is multiplied to benefit all. Technology and digital innovation are the key to our better future. But to gain traction, everyone must work together to combat society’s greatest threats. Our society needs sustainability to flourish and fortunately, the transition is near. ![]() Fostering trust, collaboration, holistic value and a thriving environment where everyone can participate in creating their own sustainable ecosystems is our priority. The research performed has proven pivotal as we fine-tune our approach to bringing our vision for a more sustainable, inclusive and equitable world to life. In preparation for the Web3 era in which digital and physical worlds merge to create a phygital universe, we teamed up with Boston Consulting Group (BCG) to undertake an extensive analysis of the sector. Research, innovation, collaboration and a strategy aimed at long-term viability brought us to today as we seek to multiply individual impact to unleash our collective potential for sustainability. But these qualities were just the tip of the iceberg. Since the start, we have worked on building a transparent, efficient, scalable and adaptable blockchain platform.
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