Franklin Templeton has reorganized two institutional money market funds to keep them better aligned with blockchain-based finance and the growing stablecoin ecosystem.
The changes affect two Western Asset-managed funds. One has been adjusted to comply with the GENIUS Act by holding only short-term U.S. Treasuries, making it suitable as a reserve backing for regulated stablecoins.
The second fund introduced a digital share class that can record amd transfer ownership on blockchain networks via approved intermediaries, enabling faster settlement and continuous trading.
The firm said both funds remain SEC-registered and operate under traditional money market rules. Executives noted that traditional financial products are increasingly moving on-chain to improve efficiency. The move highlights deeper integration between asset management and digital finance as stablecoins gain wider use.
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