Franklin Templeton Expands $410 Million Money Market Fund to Ethereum Blockchain

In a significant development in the cryptocurrency space, Franklin Templeton has announced the expansion of its acclaimed $410 million money market fund to the Ethereum blockchain. This strategic move enables the OnChain U.S. Government Money Fund to become tradable on Ethereum, enhancing its accessibility and liquidity. Previously, this fund has made strides by being available on multiple other blockchain platforms, including Base, Aptos, and Avalanche. As institutional interest in blockchain-based financial instruments grows, Franklin Templeton’s decision underscores a pivotal shift towards integrating traditional finance with decentralized technology. The launch on Ethereum represents a significant step in bridging conventional money management practices with the evolving landscape of digital assets, paving the way for broader adoption among investors seeking diversification within the crypto market. This move not only demonstrates Franklin Templeton’s commitment to innovation but also reflects the increasing maturation of the cryptocurrency ecosystem.