🚨LATEST: Franklin Templeton’s (
@FTDA_US) onchain money market fund just got a bigger route into traditional finance. The SEC has cleared registered funds to invest in FOBXX, bringing blockchain-based fund infrastructure closer to mainstream asset management.
The approval gives conventional mutual funds and ETFs access to an onchain money market fund for cash management, connecting Franklin Templeton’s blockchain-based fund infrastructure with its traditional registered fund ecosystem.