Franklin Templeton Money Market Fund Launches on Arbitrum Blockchain
Franklin Templeton and the Arbitrum Foundation have announced that the Franklin OnChain U.S. Government Money Fund (FOBXX) is now available on the Arbitrum blockchain, a leading Ethereum Layer 2 solution. This collaboration aims to bridge traditional and decentralized finance, allowing investors to access FOBXX through digital wallets via the Benji Investments platform. Franklin Templeton's move to integrate with Arbitrum expands FOBXX's compatibility within the digital assets ecosystem, potentially reaching a new audience.
FOBXX, launched in 2021, is notable as the first U.S.-registered fund to use a public blockchain for transaction processing and share ownership recording. This expansion into the Arbitrum ecosystem is part of Franklin Templeton's ongoing efforts in blockchain technology and digital assets, which began in 2018. The firm views this partnership as a significant step in enhancing its asset management capabilities with blockchain technology.
Franklin Templeton e la Fondazione Arbitrum hanno annunciato che il Franklin OnChain U.S. Government Money Fund (FOBXX) è ora disponibile sulla blockchain Arbitrum, una delle principali soluzioni Ethereum Layer 2. Questa collaborazione ha l'obiettivo di unire la finanza tradizionale e quella decentralizzata, permettendo agli investitori di accedere a FOBXX tramite wallet digitali sulla piattaforma Benji Investments. Il passo di Franklin Templeton verso l'integrazione con Arbitrum amplia la compatibilità di FOBXX all'interno dell'ecosistema degli asset digitali, raggiungendo potenzialmente un nuovo pubblico.
FOBXX, lanciato nel 2021, è noto come il primo fondo registrato negli Stati Uniti a utilizzare una blockchain pubblica per l'elaborazione delle transazioni e la registrazione della proprietà delle azioni. Questa espansione nell'ecosistema Arbitrum fa parte degli sforzi continui di Franklin Templeton nella tecnologia blockchain e negli asset digitali, iniziati nel 2018. L'azienda considera questa partnership come un passo significativo per migliorare le proprie capacità di gestione degli asset attraverso la tecnologia blockchain.
Franklin Templeton y la Fundación Arbitrum han anunciado que el Franklin OnChain U.S. Government Money Fund (FOBXX) ahora está disponible en la blockchain de Arbitrum, una de las principales soluciones de Ethereum Layer 2. Esta colaboración tiene como objetivo unir las finanzas tradicionales y descentralizadas, permitiendo a los inversores acceder a FOBXX a través de billeteras digitales en la plataforma Benji Investments. El movimiento de Franklin Templeton para integrarse con Arbitrum amplía la compatibilidad de FOBXX dentro del ecosistema de activos digitales, potencialmente alcanzando a una nueva audiencia.
FOBXX, lanzado en 2021, es notable como el primer fondo registrado en EE. UU. en utilizar una blockchain pública para el procesamiento de transacciones y la grabación de la propiedad de las acciones. Esta expansión en el ecosistema de Arbitrum es parte de los esfuerzos continuos de Franklin Templeton en la tecnología blockchain y los activos digitales, que comenzaron en 2018. La firma ve esta asociación como un paso significativo para mejorar sus capacidades de gestión de activos utilizando tecnología blockchain.
프랭클린 템플턴(Franklin Templeton)과 아비트럼 재단(Arbitrum Foundation)은 프랭클린 온체인 미국 정부 머니 펀드(FOBXX)가 아비트럼 블록체인에서 이용 가능하다고 발표했습니다. 이는 선도적인 이더리움 레이어 2 솔루션입니다. 이번 협력은 전통 금융과 분산 금융을 연결하여 투자자들이 벤지 인베스트먼트 플랫폼(Benji Investments)을 통해 디지털 지갑으로 FOBXX에 접근할 수 있도록 하는 것을 목표로 하고 있습니다. 프랭클린 템플턴의 아비트럼과의 통합은 디지털 자산 생태계 내에서 FOBXX의 호환성을 확장하여 새로운 청중을 잠재적으로 확보할 수 있습니다.
2021년에 출시된 FOBXX는 거래 처리 및 주식 소유 기록을 위해 공개 블록체인을 사용하는 첫 번째 미국 등록 펀드로 주목받고 있습니다. 아비트럼 생태계로의 이 확장은 2018년 시작된 프랭클린 템플턴의 블록체인 기술 및 디지털 자산에 대한 지속적인 노력의 일환입니다. 이 회사는 이 파트너십을 블록체인 기술을 활용한 자산 관리 능력 향상의 중요한 단계로 보고 있습니다.
Franklin Templeton et la Fondation Arbitrum ont annoncé que le Franklin OnChain U.S. Government Money Fund (FOBXX) est désormais disponible sur la blockchain Arbitrum, une solution leader de la couche 2 d'Ethereum. Cette collaboration vise à relier la finance traditionnelle et décentralisée, permettant aux investisseurs d'accéder à FOBXX via des portefeuilles numériques sur la plateforme Benji Investments. L'intégration de Franklin Templeton avec Arbitrum étend la compatibilité de FOBXX au sein de l'écosystème des actifs numériques, atteignant potentiellement un nouveau public.
lancée en 2021, FOBXX est notable en tant que première fonds enregistré aux États-Unis à utiliser une blockchain publique pour le traitement des transactions et l'enregistrement de la propriété des actions. Cette expansion dans l'écosystème Arbitrum fait partie des efforts continus de Franklin Templeton dans la technologie blockchain et les actifs numériques, qui ont commencé en 2018. La société considère ce partenariat comme une étape significative pour améliorer ses capacités de gestion d'actifs grâce à la technologie blockchain.
Franklin Templeton und die Arbitrum-Stiftung haben angekündigt, dass der Franklin OnChain U.S. Government Money Fund (FOBXX) nun auf der Arbitrum-Blockchain verfügbar ist, einer führenden Ethereum Layer 2-Lösung. Diese Zusammenarbeit zielt darauf ab, traditionelle und dezentrale Finanzen zu verbinden und den Anlegern den Zugriff auf FOBXX über digitale Wallets auf der Benji Investments-Plattform zu ermöglichen. Der Schritt von Franklin Templeton, sich mit Arbitrum zu integrieren, erweitert die Kompatibilität von FOBXX innerhalb des digitalen Vermögensökosystems und könnte potenziell eine neue Zielgruppe erreichen.
FOBXX, der 2021 eingeführt wurde, ist bemerkenswert als der erste in den USA registrierte Fonds, der eine öffentliche Blockchain für die Transaktionsverarbeitung und die Aufzeichnung des Eigentums an Anteilen nutzt. Diese Expansion in das Arbitrum-Ökosystem ist Teil der laufenden Bemühungen von Franklin Templeton in der Blockchain-Technologie und digitalen Vermögenswerten, die 2018 begonnen haben. Das Unternehmen sieht diese Partnerschaft als einen bedeutenden Schritt zur Verbesserung seiner Vermögensverwaltungsfähigkeiten durch Blockchain-Technologie.
- Expansion of FOBXX availability to the Arbitrum blockchain, potentially reaching a new audience
- First U.S.-registered fund to use public blockchain for transaction processing and share ownership recording
- Integration with Arbitrum may accelerate the adoption of decentralized finance within traditional financial services
- None.
Insights
Franklin Templeton's launch of FOBXX on Arbitrum marks a significant milestone in the convergence of traditional finance and blockchain technology. This move demonstrates the growing acceptance of decentralized finance (DeFi) infrastructure by established financial institutions. The integration with Arbitrum, a leading Ethereum Layer 2 solution, addresses scalability issues and potentially reduces transaction costs for investors.
The expansion of FOBXX's availability through digital wallets and the Benji Investments platform showcases Franklin Templeton's commitment to innovation in asset management. This could attract a new demographic of tech-savvy investors and potentially increase the fund's assets under management. However, it's important to monitor how this integration affects the fund's performance and whether it introduces new risks or regulatory challenges.
The onboarding of Franklin Templeton's money market fund to Arbitrum is a major validation for Layer 2 blockchain solutions. Arbitrum's selection highlights its growing reputation for scalability and efficiency in the DeFi space. This partnership could significantly boost Arbitrum's total value locked (TVL) and user base, potentially leading to increased demand for its native token and ecosystem projects.
However, it's important to consider the technical challenges of integrating a traditional financial product with blockchain infrastructure. Investors should watch for any security vulnerabilities or operational issues that may arise during this novel integration. The success of this initiative could pave the way for more traditional financial products to leverage blockchain technology, potentially reshaping the financial services landscape.
The launch of FOBXX on Arbitrum represents a strategic move by Franklin Templeton to tap into the growing crypto-native investor base. This could potentially lead to increased inflows and a diversification of the fund's investor profile. The use of blockchain technology for recordkeeping may also result in improved transparency and reduced operational costs, which could positively impact the fund's expense ratio.
However, investors should be cautious about potential regulatory scrutiny as this innovative approach blurs the lines between traditional and decentralized finance. It's also important to assess how this blockchain integration affects the fund's risk profile and whether it introduces new volatility factors. Long-term success will depend on Franklin Templeton's ability to navigate the unique challenges of operating in both traditional and decentralized financial ecosystems simultaneously.
The collaboration marks an ongoing effort to bridge the gap between traditional and decentralized finance
The collaboration will accelerate the integration of decentralized finance within traditional financial services. By onboarding the Arbitrum network to the Benji Investments platform, Franklin Templeton will further extend the compatibility of FOBXX within the digital assets ecosystem and reach a previously untapped audience for the asset manager.
Steven Goldfeder, CEO and Co-Founder of Offchain Labs—core contributors to Arbitrum—commented, "Franklin Templeton's commitment to innovation aligns with our mission to provide scalable and efficient solutions for the financial sector. We are excited to see Franklin Templeton join the Arbitrum ecosystem and look forward to the transformative impact their participation will bring to our community."
Since 2018, Franklin Templeton Digital Assets has been building blockchain-based technology solutions, running node validators, and developing a wide range of investment strategies. The firm's dedicated digital assets research team leverages fundamental "tokenomic" analysis, insights from an embedded data science team and deep industry connections to help inform product development and investment decisions.
"Expanding into the Arbitrum ecosystem is an important step on our journey to empower our asset management capabilities with blockchain technology," said Roger Bayston, Head of Digital Assets at Franklin Templeton. "We are enthusiastic about the opportunities this partnership will unlock for our firm and our clients."
FOBXX was introduced in 2021 and is the first and only
For more information about Franklin Templeton Digital Assets, visit: https://www.alternativesbyft.com/expertise/specialist-managers/franklin-templeton-digital-assets
About The Arbitrum Foundation
The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. Arbitrum One—a leading Ethereum Layer-2 scaling solution initially developed by Offchain Labs—offers ultra-fast, low-cost transactions with security derived from Ethereum through Optimistic Rollup technology. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has
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
You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at
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.
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SOURCE Arbitrum Foundation and Franklin Templeton
FAQ
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