"This is the first large asset manager to directly launch on Base, a clear signal to investors and issuers of what's to come," said Anthony Bassili, head of tokenization at Coinbase.
"Financial institutions like Franklin Templeton are increasingly taking advantage of fast, low-cost onchain technology to modernize the financial system," Bassili said.
Base quickly became one of the most popular layer-2 blockchains in the ecosystem. It currently has more than $8 billion in total value locked (TVL), according to data.
Launched in 2021, FOBXX was the first money-market fund to use a public blockchain to record transactions and ownership.
#franklin-templeton #onchain-us-government-money-market-fund #coinbase #base-blockchain #layer-2-blockchain
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