ChainCatcher news, according to CoinDesk, global asset management giant Franklin Templeton has announced the launch of the first fully tokenized U.S. Treasury fund, the Franklin OnChain U.S. Government Money Fund, in Luxembourg.The fund will be open to institutional investors in eight European countries: Austria, France, Germany, Italy, Liechtenstein, the Netherlands, Spain, and Switzerland. Fund shares will be recorded and transferred via the Stellar network. The U.S. version of the fund has attracted over $580 million in assets since its launch in 2021.

ChainCatcher news, according to official sources, Ondo Finance announced a partnership with Wellington Management to provide intraday redemption services for tokenized U.S. Treasury funds.It is reported that Wellington Management is one of the largest independent asset management companies in the world, with assets under management exceeding $1 trillion.

ChainCatcher news, according to Cryptoslate, Franklin Templeton has tokenized $380 million of U.S. Treasury funds on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries.The company launched the Franklin On-Chain U.S. Government Money Fund (FOBXX), issuing shares in the form of BENJI tokens. Each token represents a portion of FOBXX and can be traded on the public Polygon and Stellar blockchains. This innovation aims to simplify transactions and broaden access, allowing investors to manage their assets more flexibly through direct trading.Franklin Templeton is integrating blockchain technology into its financial operations to enhance the liquidity and efficiency of asset management. The company is responding to the growing demand from financial institutions to merge traditional financial structures with modern technological solutions.