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Stock impact report

Franklin Templeton Announces Availability of Peer-to-Peer Transfers for Franklin OnChain U.S. Government Money Fund

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Business Wire
The first U.S.-registered mutual fund to process transactions and record share ownership on a public blockchain introduces new features SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton today announces that shares of the Franklin OnChain U.S. Government Money Fund (FOBXX) (the “Fund”) are available for transfer from one shareholder to another shareholder (“peer-to-peer”) on the public blockchain.The Franklin OnChain U.S. Government Money Fund was launched in 2021 and is the first U.S.-registered fund to use a public blockchain to process transactions and record share ownership. One share of the Fund is represented by one BENJI token and the Fund’s transfer agent maintains the official record of share ownership via a proprietary blockchain-integrated system that utilizes blockchain technology for transaction activity. As of March 31, 2024, the Fund held over $360 million in assets under management.“We are excited that BENJI token holders will have the ability to transfer shares Show less Read more
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