{"id":29729,"date":"2024-04-25T19:38:39","date_gmt":"2024-04-25T19:38:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/franklin-templeton-tokenizes-380m-fund-on-polygon-and-stellar-for-p2p-transfers\/"},"modified":"2024-04-25T19:38:39","modified_gmt":"2024-04-25T19:38:39","slug":"franklin-templeton-tokenizes-380m-fund-on-polygon-and-stellar-for-p2p-transfers","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/franklin-templeton-tokenizes-380m-fund-on-polygon-and-stellar-for-p2p-transfers\/","title":{"rendered":"Franklin Templeton tokenizes $380M fund on Polygon and Stellar for P2P transfers"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The Franklin OnChain FOBXX investors can now transfer the fund\u2019s BENJI token directly between each other without any intermediary.<\/li>\n<li>Franklin Templeton is competing with BlackRock\u2019s Ethereum-based BUIDL fund in the tokenized assets niche.<\/li>\n<li>Franklin Templeton maintains a 32% market share.<\/li>\n<\/ul>\n<p>In a move that marks a significant advancement in the realm of digital asset management, Franklin Templeton has <a href=\"https:\/\/x.com\/FTI_DA\/status\/1783483443382214771\">announced<\/a> the tokenization of its US Government Fund on the <a href=\"https:\/\/coinjournal.net\/polygon\/what-is-polygon\/\">Polygon<\/a> and Stellar blockchains.<\/p>\n<p>By embracing blockchain technology, Franklin Templeton aims to enable peer-to-peer transfers for shares in its Franklin OnChain United States Government Money Fund (FOBXX) using BENJI token.<\/p>\n<p>One BENJI security token is a share of the Franklin OnChain U.S. Government Money Fund recorded on a public blockchain and it is currently available on Polygon and Stellar.<\/p>\n<h2>Franklin Templeton competing with BlackRock<\/h2>\n<p>Franklin Templeton\u2019s initiative comes amidst a competitive landscape, with BlackRock\u2019s new BUIDL fund emerging as a formidable contender in the tokenization space.<\/p>\n<p>Partnering with Securitize on <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum<\/a>, BlackRock\u2019s BUIDL fund has swiftly garnered market share, albeit slightly trailing Franklin Templeton\u2019s offering in terms of Assets Under Management (AUM).<\/p>\n<p>The competition between these two investment giants is poised to intensify as they vie for dominance in the tokenized U.S. Treasuries niche. At the moment, Franklin Templeton maintains its stronghold in the tokenized U.S. Treasuries niche, boasting a substantial market share of 32%.<\/p>\n<h2>Expanding utility in the digital asset ecosystem<\/h2>\n<p>The tokenization of Franklin Templeton\u2019s US Government Funds signifies a strategic move towards enhancing connectivity within the digital asset ecosystem.<\/p>\n<p>By enabling peer-to-peer transfers of BENJI tokens, the firm aims to broaden the utility of its fund, allowing investors greater flexibility in managing their assets. The move underscores Franklin Templeton\u2019s commitment to leveraging blockchain technology to innovate and adapt to evolving market trends.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/franklin-templeton-tokenizes-fund-on-polygon-and-stellar-for-p2p-transfers\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) The Franklin OnChain FOBXX investors can now transfer the fund\u2019s BENJI token directly between each other without any intermediary. Franklin Templeton is competing with BlackRock\u2019s Ethereum-based BUIDL fund in the tokenized assets niche. Franklin Templeton maintains a 32% market share. [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":29730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29729"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=29729"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/29730"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=29729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=29729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=29729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}