Franklin Templeton has introduced the FOBXX fund on Ethereum’s Layer 2 Arbitrum. The move aims to provide investors with more efficient and cost-effective options for managing their investments. This new development is expected to streamline the process of investing in the fund and make it more accessible to a wider range of investors. By leveraging Arbitrum’s layer 2 scaling solution, Franklin Templeton is able to offer improved performance and lower transaction fees for its users. This marks a significant step towards making blockchain technology more mainstream and user-friendly in the world of finance.