Stellar becomes the first public blockchain to host a US-registered fund Stellar XLM publicblockchain
- The Stellar network has become the first public blockchain to host a U.S.-registered fund following the integration of the Franklin OnChain U.S. Government Money Fund , which has now surpassed $270 million in assets under management.
Interested parties can access the fund via the Benji Investments app, an Android and iOS mobile app released by Franklin Advisers that allows investors to buy, sell, store and explore tokenized securities and cryptocurrencies and “invest in the world’s first tokenized money fund that is natively issued on a blockchain.”
The Stellar Development Foundation , a non-profit organization founded in 2014 that supports the development and growth of the Stellar network, has made a multi-million dollar investment in the fund as part of an effort to diversify its treasury.
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