Franklin Templeton filed with the SEC to launch a blockchain-based mutual fund for government securities, recording fund share ownership on the Stellar blockchain to improve transparency and reduce settlement times while keeping investor mechanics hidden.
Investment firm Franklin Templeton submitted a preliminary SEC filing to create a blockchain-based mutual fund focused on government securities. The fund will record share ownership on the Stellar blockchain network alongside traditional transfer agent records, enabling improved transparency for shareholders and faster settlement times. The company emphasized it will not invest in cryptocurrencies; only transaction data will be stored on blockchain, not personal information. The underlying blockchain mechanics will be abstracted away from investors, presenting a traditional fund experience.