Franklin Templeton filed an SEC prospectus for a tokenized government money market fund on Stellar, investing 99.5% in government securities and cash. The $700B asset manager will launch a mobile app for purchasing and redeeming shares as native digital assets on the Stellar blockchain.
Franklin Templeton Investments, managing nearly $700B in assets, filed a preliminary SEC prospectus for a government money market fund with tokenized shares on the Stellar network. The fund will invest at least 99.5% in government securities, cash, and fully collateralized repurchase agreements, explicitly excluding cryptocurrencies. Franklin Templeton stated that blockchain technology can connect traditional asset management with transactional payments, positioning a registered, SEC-compliant money market fund as an ideal stable digital asset. The firm will develop a mobile app available on iOS and Android, enabling investors to purchase, redeem, and monitor tokenized shares directly on the public Stellar blockchain.
