State of Wyoming Debuts $FRNT, the Nation’s First State-Issued Stable Token, with Franklin Templeton-Managed Reserves
Franklin Resources, Inc. (BEN)
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Source: Business Wire
Frontier Stable Token launch makes history, with Franklin Templeton serving as strategic partner on institutional-grade reserves management and custody CHEYENNE, Wyo.--(BUSINESS WIRE)--The state of Wyoming today announced that $FRNT (Frontier Stable Token) is now live and available to the public, marking the official launch of the first and only state-issued stable token in the United States.Designed under the leadership of the Wyoming Stable Token Commission, the Frontier Stable Token ($FRNT) represents a milestone in financial innovation — bringing together the security and oversight of state-managed reserves with the efficiency and transparency of blockchain technology.To ensure institutional standards, Wyoming has selected Franklin Templeton as its reserves management partner, and Franklin Templeton affiliate Fiduciary Trust Company International as custodian. With over $1.6 trillion in assets under management and a long track record in both fixed income investing and digital a
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