Franklin Templeton has recently announced the tokenization of a $380 million US government money fund on both the Polygon and Stellar blockchain networks. This move is part of their efforts to leverage blockchain technology in the world of finance. By tokenizing the fund, Franklin Templeton aims to increase accessibility and efficiency for investors. This decision highlights the growing trend of traditional financial institutions embracing cryptocurrencies and blockchain technology. The use of blockchain networks like Polygon and Stellar demonstrates a shift towards innovation and digital transformation within the industry. This development showcases the potential for increased transparency and security in the management of funds through decentralized technologies.
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