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Franklin Templeton announces the availability of peer-to-peer transfers for the Franklin OnChain U.S. Government Money Fund, making it the first U.S.-registered mutual fund to use a public blockchain for transactions and share ownership. The Fund holds over $360 million in assets under management as of March 31, 2024, offering a competitive yield and investing primarily in government securities. Investors can access the Fund through digital wallets or institutional portals.
Franklin Templeton annuncia la disponibilità di trasferimenti peer-to-peer per il Franklin OnChain U.S. Government Money Fund, diventando così il primo fondo comune registrato negli USA a utilizzare una blockchain pubblica per transazioni e proprietà di quote. Il fondo gestisce oltre 360 milioni di dollari in asset al 31 marzo 2024, offrendo un rendimento competitivo e investendo principalmente in titoli governativi. Gli investitori possono accedere al fondo tramite portafogli digitali o portali istituzionali.
Franklin Templeton anuncia la disponibilidad de transferencias entre pares para el Franklin OnChain U.S. Government Money Fund, convirtiéndose en el primer fondo mutuo registrado en EE.UU. que utiliza una blockchain pública para transacciones y titularidad de acciones. El Fondo tiene más de $360 millones en activos bajo gestión a fecha de 31 de marzo de 2024, ofreciendo un rendimiento competitivo e invirtiendo principalmente en valores gubernamentales. Los inversores pueden acceder al Fondo a través de billeteras digitales o portales institucionales.
프랭클린 템플턴이 Franklin OnChain U.S. Government Money Fund의 피어 투 피어 이체 가능성을 발표했습니다. 이는 공개 블록체인을 사용하여 거래와 주식 소유권을 관리하는 최초의 미국 등록 상호 기금이 되었습니다. 해당 기금은 2024년 3월 31일 현재 자산 관리하에 3억 6천만 달러 이상을 보유하고 있으며, 경쟁력 있는 수익률을 제공하고 주로 정부 증권에 투자합니다. 투자자는 디지털 지갑 또는 기관 포털을 통해 기금에 접근할 수 있습니다.
Franklin Templeton annonce la disponibilité de transferts de pair à pair pour le Franklin OnChain U.S. Government Money Fund, le premier fonds mutuel enregistré aux États-Unis à utiliser une blockchain publique pour les transactions et la propriété des parts. Le fonds détient plus de 360 millions de dollars d'actifs sous gestion au 31 mars 2024, offrant un rendement compétitif et investissant principalement dans des titres gouvernementaux. Les investisseurs peuvent accéder au fonds via des portefeuilles numériques ou des portails institutionnels.
Franklin Templeton gibt die Verfügbarkeit von Peer-to-Peer-Übertragungen für den Franklin OnChain U.S. Government Money Fund bekannt, der damit der erste in den USA registrierte Investmentfonds ist, der eine öffentliche Blockchain für Transaktionen und Anteilsbesitz nutzt. Der Fonds verwaltet zum 31. März 2024 über 360 Millionen Dollar an Vermögenswerten und bietet eine wettbewerbsfähige Rendite, wobei er hauptsächlich in staatliche Wertpapiere investiert. Anleger können über digitale Wallets oder institutionelle Portale auf den Fonds zugreifen.
Positive
The Franklin OnChain U.S. Government Money Fund is the first U.S.-registered mutual fund to utilize a public blockchain for peer-to-peer transfers.
As of March 31, 2024, the Fund holds over $360 million in assets under management.
The Fund invests at least 99.5 percent of its total assets in government securities, cash, and repurchase agreements collateralized by government securities or cash.
Investors can access the Fund through digital wallets using the Benji Investments app available on Android and iOS devices.
Institutional investors can also access the Fund through the Benji Institutional web portal.
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The first U.S.-registered mutual fund to process transactions and record share ownership on a public blockchain introduces new features
SAN MATEO, Calif.--(BUSINESS WIRE)--
Franklin Templetontoday announces that shares of the Franklin OnChain U.S. Government Money Fund (FOBXX) (the “Fund”) are available for transfer from one shareholder to another shareholder (“peer-to-peer”) on the public blockchain.
The Franklin OnChain U.S. Government Money Fund was launched in 2021 and is the first U.S.-registered fund to use a public blockchain to process transactions and record share ownership. One share of the Fund is represented by one BENJI token and 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. As of March 31, 2024, the Fund held over $360 million in assets under management.
“We are excited that BENJI token holders will have the ability to transfer shares amongst each other,” said Roger Bayston, Head of Digital Assets at Franklin Templeton. “Eventually, we hope for assets built on blockchain rails, such as the Franklin OnChain U.S. Government Money Fund, to work seamlessly with the rest of the digital asset ecosystem.”
The Fund offers a competitive yield and is a regulated 1940 Act fund that invests at least 99.5 percent of its total assets in government securities, cash and repurchase agreements collateralized fully by government securities or cash. The Fund’s investment objective 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.
Individual investors can gain exposure to the Fund in digital wallets through the Benji Investments app, available in mobile app stores for Android and iOS devices. Institutional investors can gain exposure through the Benji Investments app or the Benji Institutional web portal.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of March 31, 2024. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.
You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress. Although the fund invests in U.S. government obligations, an investment in the fund is neither insured nor guaranteed by the U.S. government.
All investments involve risk, including loss of principal. There are risks associated with the issuance, redemption, transfer, custody, and record keeping of shares maintained and recorded primarily on a blockchain. For example, shares that are issued using blockchain technology would be subject to risks, including the following:blockchain is a rapidly-evolving regulatory landscape, which might result in security, privacy or other regulatory concerns that could require changes to the way transactions in the shares are recorded. The fund's yield may be affected by changes in interest rates and changes in credit ratings. These and other risks are discussed in the fund’s prospectus.
Investors should carefully consider a fund’s investment goals, risks, charges and expenses before investing. To obtain a summary prospectus and/or prospectus, which contains this and other information, talk to your financial professional, call us at (800) DIAL BEN/342-5236 or visit franklintempleton.com. Please carefully read a prospectus before you invest or send money.
What is the Franklin Templeton U.S. Government Money Fund ticker symbol?
The ticker symbol for the Franklin OnChain U.S. Government Money Fund is BEN.
What makes the Franklin OnChain U.S. Government Money Fund unique?
The Fund is the first U.S.-registered mutual fund to process transactions and record share ownership on a public blockchain.
How much does the Franklin OnChain U.S. Government Money Fund hold in assets under management as of March 31, 2024?
The Fund holds over $360 million in assets under management as of March 31, 2024.
What kind of securities does the Franklin OnChain U.S. Government Money Fund primarily invest in?
The Fund invests at least 99.5 percent of its total assets in government securities, cash, and repurchase agreements collateralized fully by government securities or cash.
How can individual investors access the Franklin OnChain U.S. Government Money Fund?
Individual investors can access the Fund through digital wallets using the Benji Investments app available on Android and iOS devices.
How can institutional investors access the Franklin OnChain U.S. Government Money Fund?
Institutional investors can access the Fund through the Benji Institutional web portal.
