Asset management giant Franklin Templeton has recently made a big move — two institutional money market funds have completed blockchain upgrades.
What exactly is going on? The LUIXX fund is now a blockchain-compatible version, holding short-term US debt that can directly serve as a reserve asset for stablecoins. The DIGXX fund has launched a digital share format specifically for on-chain platforms, allowing compliant institutions to record and transfer fund ownership on the blockchain — a操作方式 never before seen in traditional fund products.
An executive responsible for digital assets made it clear: traditional funds are going on-chain to break down barriers and enable more users to use them seamlessly.
In simple terms, this is another signal of a traditional financial giant leaning towards blockchain. The fact that such a level of institution is investing real money indicates that market structures are quietly changing. Is the entire industry truly embracing on-chain assets, or is it just a superficial test? What actual changes will this bring to retail investors’ returns?
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WhaleMistaker
· 13h ago
Franklin's on-chain operation, to put it simply, is still about vying for dominance in the discourse. Traditional finance can no longer sit still.
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WalletManager
· 13h ago
Franklin's approach is a bit ruthless, directly moving US debt onto the chain as reserves... Now the underlying asset quality of on-chain stablecoins is set to improve, indicating that institutions are already positioning for long-term holdings.
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NoodlesOrTokens
· 13h ago
Franklin's move is well played; the migration of traditional finance onto the blockchain is an inevitable trend.
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ser_ngmi
· 13h ago
Franklin's move was well played, but can retail investors really benefit? Or is this just another prelude to a new round of harvesting profits?
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ponzi_poet
· 14h ago
Franklin's move is good, but I'm more concerned about when this thing will actually start to flow.
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Asset management giant Franklin Templeton has recently made a big move — two institutional money market funds have completed blockchain upgrades.
What exactly is going on? The LUIXX fund is now a blockchain-compatible version, holding short-term US debt that can directly serve as a reserve asset for stablecoins. The DIGXX fund has launched a digital share format specifically for on-chain platforms, allowing compliant institutions to record and transfer fund ownership on the blockchain — a操作方式 never before seen in traditional fund products.
An executive responsible for digital assets made it clear: traditional funds are going on-chain to break down barriers and enable more users to use them seamlessly.
In simple terms, this is another signal of a traditional financial giant leaning towards blockchain. The fact that such a level of institution is investing real money indicates that market structures are quietly changing. Is the entire industry truly embracing on-chain assets, or is it just a superficial test? What actual changes will this bring to retail investors’ returns?