Franklin Templeton's OnChain U.S. Government Money Fund, built on Stellar, has surpassed $270 million in assets under management. It is the first U.S. registered fund to use a public blockchain for recording transactions and shareholdings.
Franklin Templeton's OnChain U.S. Government Money Fund has grown to over $270 million in assets under management just over a year after launch, becoming the first U.S. registered fund to use a public blockchain (Stellar) for transaction recording and shareholding management. The fund primarily invests in Federal Home Loan bank debt. Franklin Templeton, managing $1.4 trillion in total assets, views blockchain technology as key to reshaping investment management through increased transparency and lower operational costs. The company believes assets built on blockchain rails like Stellar will eventually interoperate with the broader digital asset ecosystem.
