Franklin Templeton, a major global manager of the owner, said on Wednesday that he launched the tokenized US Treasury fund in Luxembourg, which expands access to institutional European investors.
The launch of the Franklin Onchain US Government Money Fund marked the first Luxembourg-domiciled investment in US government security security, the asset manager claimed in a press release. This means that fund shares have been recorded and transferred to the blockchain rather than by traditional processes, using a proprietary blockchain based on the agency’s platform for handling transactions to offer improved Efficiency, transparency and security.
Fund will be available to the Stellar Lumens Network (XLM) for institutional investors in Austria, France, Germany, Italy, Liechtenstein, Netherlands, Spain and Switzerland, following Approval of Regulation In October of Luxembourg regulators. The US-registered version of the Fund has attracted more than $ 580 million assets since 2021 debut and only limited to US-based investors, per Rwa.xyz data.
The US tokenized Treasury is ahead of the red-hot real-world asset tokenization effort, growing up to a $ 4 billion owner of this year. Franklin Templeton is the first of the traditional financial institutions that released such a product, and the third largest tokenized treasury funding of properties under the management of the USYC and Buidl of Hasknote, issued by Blackrock and Securitize.
Read more: Franklin Templeton expands $ 594m money money market in Solana
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