💎 #FranklinTempleton Templeton Launches $1.53T #TokenizedTreasury Fund on #Avalanche"

💵 Franklin Templeton, managing $1.6 trillion in assets, has expanded its blockchain presence by launching its on-chain money market fund on the Avalanche network. The $420 million Franklin OnChain U.S. Government Money Fund (FOBXX) allows investors to use USDC for investments and enables peer-to-peer share transfers. This move bridges traditional finance with blockchain technology, offering improved efficiency and demonstrating blockchain's potential in the financial sector.

📌 Avalanche's selection for this project highlights its growing appeal to institutions, thanks to its EVM support, low transaction fees, and rapid finality. The partnership between Franklin Templeton and Avalanche signifies a broader trend of financial institutions adopting blockchain to enhance operations and financial products.

This development, along with Franklin Templeton's recent expansion to #EthereumPower using Arbitrum, underscores the firm's commitment to innovative digital financial products and the increasing integration of blockchain in traditional finance.

💵💻 Brace yourselves for some groundbreaking news in the crypto world! 🌐📈 Over $1 billion worth of U.S. Treasury notes have been tokenized on public blockchains, according to data tracked by Tom Wan from crypto firm 21.co. 🚀💼 This staggering sum represents a tenfold increase since January 2023, fueled by skyrocketing interest rates across the globe. 🔥💰 The market for tokenized Treasury debt is booming, with digital representations of government bonds now tradable as tokens on blockchains like Ethereum, Polygon, Avalanche, Stellar, and more. 🛠️💎 And with giants like BlackRock launching Ethereum-based tokenized funds like BUIDL, the momentum is only getting stronger! 💪🏦 As of now, BUIDL ranks as the second-largest fund, boasting a tokenized value of $245 million. 📈🏛️ With OndoFinance emerging as the top holder of BUIDL, commanding a whopping 38% of the total supply, the crypto landscape is undergoing a seismic shift. 🌍🔥 Get ready for a new era of finance, where traditional assets meet the power of blockchain technology! 💼💥 #CryptoRevolution #TokenizedTreasury #BlockchainBoom 🚀🔗
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💵💻 Brace yourselves for some groundbreaking news in the crypto world! 🌐📈 Over $1 billion worth of U.S. Treasury notes have been tokenized on public blockchains, according to data tracked by Tom Wan from crypto firm 21.co. 🚀💼 This staggering sum represents a tenfold increase since January 2023, fueled by skyrocketing interest rates across the globe. 🔥💰 The market for tokenized Treasury debt is booming, with digital representations of government bonds now tradable as tokens on blockchains like Ethereum, Polygon, Avalanche, Stellar, and more. 🛠️💎 And with giants like BlackRock launching Ethereum-based tokenized funds like BUIDL, the momentum is only getting stronger! 💪🏦 As of now, BUIDL ranks as the second-largest fund, boasting a tokenized value of $245 million. 📈🏛️ With OndoFinance emerging as the top holder of BUIDL, commanding a whopping 38% of the total supply, the crypto landscape is undergoing a seismic shift. 🌍🔥 Get ready for a new era of finance, where traditional assets meet the power of blockchain technology! 💼💥 #CryptoRevolution  #TokenizedTreasury  #BlockchainBoom  🚀🔗
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