Franklin Templeton, an important global asset manager, said Wednesday that he has launched his US Treasury Fund. Uu. Tokenized in Luxembourg, expanding access to European institutional investors.
The launch of the United States Government Money Fund in Franklin marks the first domiciled Fund of Luxembourg that invests in values of the United States government that is totally tokenized, said the asset manager in a press release. This means that the actions in the background are recorded and transferred in the block chain instead of through traditional processes, using the Patent Blockchain transfer agency platform of Franklin Templeton to handle transactions to offer greater efficiency, transparency and security.
The fund is available in the Stellar Network (XLM) for institutional investors in Austria, France, Germany, Italy, Liechtenstein, Netherlands, Spain and Switzerland, after regulatory approval in October by Luxembourg regulators. The version of the Fund recorded in the US has attracted more than $ 580 million of assets since its debut in 2021 and is limited only to US investors with headquarters. UU., According to data rwa.xyz.
The US Treasury Bonds. They have been at the forefront of the real -world assets to red to the red world, becoming a kind of assets of $ 4 billion this year. Franklin Templeton was the first among traditional financial institutions in publishing this product, and is the third most large treasure treasure fund for assets under administration behind Usyc and Buidl of Hashnote, issued by Blackrock and Securitize.
Read more: Franklin Templeton expands $ 594 million from market to Solana
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