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Franklin Templeton to Track Money Fund Shares on Stellar Blockchain

From coindesk.com

A multi-billion-dollar asset management company plans to use the Stellar blockchain for a new fund. Franklin Templeton Investments filed a preliminary prospectus with the U.S. Securities and Exchange Commission Tuesday for a money market fund whose shares would be recorded on the Stellar Network. The plan requires the SEC’s approval. To be clear: the fund would not invest in any cryptocurrencies or crypto projects. Rather, “the ownership of the Fund’s shares may be maintained and recorded solely on the Stellar network,” the prospectus says. According to the prospectus, the money fund would seek a $1 per share net ... (full story)

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  • Category: Fundamental Analysis