Franklin Templeton integrates USDC with Zero Hash for tokenized fund

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As an analyst with a background in traditional finance and a growing interest in digital assets, I’m excited about Franklin Templeton’s latest collaboration with Zero Hash. This strategic partnership represents a significant step forward for institutional investors looking to gain access to tokenized funds through a user-friendly on and off ramp.

Global asset management giant, Franklin Templeton, has revealed a partnership with Zero Hash, a pioneering infrastructure provider for crypto and stablecoins. This alliance signifies the addition of USDC funding lines to Franklin Templeton’s business processes. Consequently, transactions for the Franklin OnChain U.S. Government Money Fund (FOBXX) will be streamlined through this collaboration, enabling seamless purchasing and redemption activities. The representation of each fund share via BENJI tokens maintains a one-to-one correlation with these digital assets, thereby improving transactional efficiency.

Franklin Templeton Enhances Tokenized Fund Accessibility

As an institutional investor utilizing the Benji Investments platform, I stand to gain significantly from this new integration. With the 24/7/365 USDC funding capabilities at my disposal, I can effectively manage my investments in the tokenized fund, taking advantage of near real-time settlements. The streamlined transaction process, made possible by Zero Hash’s robust API infrastructure, simplifies the transition between fiat and tokenized assets while ensuring compliance and security.

 

As the Head of Digital Assets at Franklin Templeton, I’m personally quite excited about this new venture. According to Roger Bayston, our team is looking forward to exploring the opportunities and potential benefits it brings.

“Tokenization holds immense promise for transforming the finance sector as we move into a new era of investment. We’re thrilled to expand the reach of our fund by incorporating Zero Hash’s payment infrastructure, offering a seamless entry and exit point for investors in the realm of tokenized assets.”

As a crypto investor, I can tell you that Bayston’s remarks highlight our dedication to pushing boundaries and improving accessibility within the financial sector.

OnChain Fund Leads in Tokenized Treasuries Market

As a crypto investor, I’m excited about the introduction of the Franklin OnChain U.S. Government Money Fund, established in 2021, which marks a first by utilizing a public blockchain for transaction processing and recording share ownership for a U.S.-registered fund. With assets surpassing $360 million as of March 31, 2024, this innovative approach positions the fund as a significant player in the $1.1 billion tokenized treasuries market. My faith in Franklin Templeton’s pioneering spirit is reinforced by their leadership in integrating blockchain technology into traditional financial operations.

 

Edward Woodford, Founder and CEO of Zero Hash, expressed his satisfaction with being selected as the reliable payment infrastructure for Franklin Templeton’s Benji Token. This collaboration underscores Zero Hash’s dominant role as the go-to crypto and stablecoin solution for seamless customer onboarding into tokenized assets, a recognition earned by Franklin Templeton.

 

As a researcher studying digital finance, I’ve observed that Franklin Templeton is making waves in this innovative field. They have taken steps to secure approval from the Securities Exchange Commission (SEC) for an Ethereum spot ETF. Notably, they have announced competitive sponsor fees for this ETF, demonstrating their dedication to providing cost-effective and transparent investment solutions.

 

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2024-06-06 18:18