Franklin Templeton has tokenized a $380 million Treasury fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries. The company launched the Franklin OnChain U.S. Government Monetary Fund (FOBXX), which issues 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.
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