November 4, 2024 at 09:25 PM GST updated: November 4, 2024 at 07:37 PM 2 mins read News Franklin Templeton’s CEO believes blockchain can revolutionize investment methods and asset management. Bitcoin is seen as both a payment tool and a potential safety asset. The financial giant’s optimistic stance may signal broader blockchain adoption in traditional…
Franklin Templeton, one of the world’s largest investment managers, has announced that it has integrated Benji, a blockchain-integrated record-keeping system, on top of Base, a Coinbase-incubated Ethereum rollup. According to the institution, this move makes it the first organization to build a tokenized fund on top of Base. “Base is a layer 2 blockchain built…
October 18, 2024 at 01:30 PM GST updated: October 18, 2024 at 10:36 AM 2 mins read News Spot Bitcoin ETFs exceed $20B in inflows, driven by rising investor demand and market confidence. BlackRock’s iShares Bitcoin Trust leads the surge, with $393M daily inflows on October 16. Bitcoin ETFs hit $20.26B as Bitcoin price climbs…
Franklin Templeton has filed a proposal with the US SEC to launch a Bitcoin and Ethereum index ETF. If approved, this ETF would be the first to hold both BTC and ETH in a single fund. Franklin Templeton, a trillion-dollar asset management firm, submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for…
Global asset manager Franklin Templeton has officially filed for a Bitcoin and Ethereum Index ETF. Indeed, the firm submitted a proposal for the fund to the US Securities and Exchange Commission (SEC). The fund will reportedly hold both BTC and ETH indirectly, offering exposure to the top two cryptocurrencies. The fund will feature no staking…
Franklin Templeton expands its tokenized U.S. Government Money Fund (FOBXX) to the Aptos blockchain, increasing access for institutional investors. The BENJI token serves as the fund’s representation, allowing investors to hold tokenized shares of assets backed by the U.S. Treasury. Expanding its tokenized U.S. Government Money Fund (FOBXX) to the Aptos blockchain has Franklin Templeton,…
Franklin Templeton has launched the OnChain U.S. Government Money Fund (FOBXX) on Aptos. FOBXX currently has a market cap of over $435 million, second among tokenized US Treasuries behind BlackRock fund BUIDL. Franklin Templeton has expanded its OnChain U.S. Government Money Fund (FOBXX) to the layer-1 blockchain Aptos. The $1.6 trillion asset manager, which also…
Franklin Templeton, a leading investment manager with over $1.4 trillion in assets, has expanded its tokenized US treasuries fund—Franklin OnChain U.S. Government Money Fund (FOBXX)—to Aptos, a Layer-1 blockchain powered by the Move programming language. FOBXX is a regulated 1940 act fund that invests at least 99.5% of its total assets in government securities and…
In what is a massive development for Solana, both Franklin Templeton and Citi announce plans to adopt the network. Specifically, both companies have unveiled plans to utilize the blockchain for the launch of various financial services. The plans reinforce the popularity of the network. Solana has long been revered for its speed and cost-effectiveness. Those…
The U.S. Treasury bond-backed token economy has recently crossed a significant milestone, now exceeding $2 billion in value. Among the various projects contributing to this total, Blackrock and Franklin Templeton’s tokenized funds stand out, commanding a dominant 44.95% share of the net value. Tokenized Bond Market Breaks $2 Billion Barrier, With Ondo, Blackrock, and Franklin…
U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot ethereum ETFs experienced a loss of $13.23 million during the same trading session. Bitcoin ETFs Enjoy 8th Straight Day of Inflows With $202M Boost On Aug. 26, the 12 spot bitcoin ETFs…
Vice President Kamala Harris supports President Biden’s proposal to increase taxes on unrealized gains for the wealthy. Financial author Robert Kiyosaki warns of an impending market crash, urging investments in gold, silver, and bitcoin for safety. Economist Peter Schiff calls for higher interest rates, even at the risk of triggering a recession. Meanwhile, bitcoin ETFs…
Franklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm’s onchain financial products. Avalanche Adds Franklin Templeton’s Tokenized Money Fund to Its Blockchain Ecosystem Franklin Templeton, an investment firm with $1.6 trillion in assets under management, has integrated…
Avalanche’s AVAX token surged nearly 7% to around $25 following the announcement that major institutional firms — Grayscale and Franklin Templeton — were expanding their products to the blockchain network’s ecosystem. The price increase helped reverse the recent downtrend for AVAX, which has fallen 20% over the past month amid broader market stagnation. Despite the recovery,…
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fifth straight day of inflows, adding $39.42 million to their gains. Meanwhile, the spot ether ETFs experienced a dip, losing $17.97 million during the day’s trading. Spot Bitcoin ETFs See Fifth Day of Inflows, Ether ETFs Hit by $17M Outflows Collectively, the 12 spot bitcoin…