The move comes two weeks after the fund expanded onto Arbitrum.
Franklin Templeton, one of the world’s largest investment managers with more than $1.4 trillion in assets under management, continues to expand its tokenized U.S. treasuries fund onto new chains.
On Aug. 22, Franklin Templeton launched the Franklin OnChain U.S. Government Money Fund (FOBXX) onto Avalanche, a Layer 1 network ranking as the seventh largest chain by total value locked (TVL) in DeFi protocols.
The fund pays investors dividends from yields derived from U.S. treasury assets while maintaining a stable share price of $1 each. Shares in the fund are purchased via Franklin Templeton’s Benji Investments platform, with one BENJI token representing $1 worth of shares in FOBXX. Retail traders can use the Benji mobile app, while the Benji Institutional web portal serves accredited investors.
“Bringing the Benji platform to the Avalanche network further expands…
