Franklin Templeton has expanded its Treasury Money Market Fund to Base Chain

Asset management giant Franklin Templeton has expanded its on-chain Treasury money market fund (FOBXX) to Coinbase's Layer 2 Blockchain Base, becoming the first asset management company to establish a business on the platform. The fund, which has a market capitalization of $410 million, is already tradable on five blockchains, Stellar, Aptos, Avalanche, Arbitrum and Polygon, with Stellar being the main network.