Franklin Templeton Partners with Arbitrum: Launches OnChain U.S. Government Money Fund on Ethereum L2

TL;DR Franklin Templeton expands his OnChain US Government Money Fund (FOBXX) to the Arbitrum network, adding Stellar and Polygon. The fund, with a market value of $420 million, seeks to integrate decentralized finance into the traditional financial system. Arbitrum will initially be available to institutional portfolios and the expansion aligns with Franklin Templeton’s strategy to ...... source: https://crypto-economy.com/franklin-templeton-partners-with-arbitrum-launches-onchain-u-s-government-money-fund-on-ethereum-l2/