FRANKLIN TEMPLETON LAUNCHES TOKENIZED MONEY MARKET FUND ON AVALANCHE

Summary from the TLDR Crypto newsletter

Franklin Templeton has launched the first U.S.-registered mutual fund on the Avalanche blockchain, introducing the tokenized U.S. Government Money Fund (FOBXX), tokenized as BENJI. This expansion allows for features like USDC conversions for investments and peer-to-peer transfers of fund shares, with plans for future trading and collateral use.