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Fund Giant Franklin Templeton Looking at Stellar for Blockchain Share Records

Published 09/04/2019, 06:29 AM
Updated 09/04/2019, 07:41 AM
 Fund Giant Franklin Templeton Looking at Stellar for Blockchain Share Records

Fund Giant Franklin Templeton Looking at Stellar for Blockchain Share Records

Franklin Templeton, the US-based asset management firm, is looking at the potential of the Stellar protocol for issuing and transacting in various blockchain-based investment vehicles. However, the firm warned it is not interested in cryptocurrencies.

Thus, Franklin Templeton enters a still difficult area of the crypto space, the issuance of fully legalized, transparent security tokens. The firm is interested in tokenized government bonds, repurchase agreements, and blockchain-based shares.

In a prospectus filed this September 3, Franklin Templeton explains the policy of the so-called “Franklin Blockchain Enabled U.S. Government Money Fund”.

The firm intends to use traditional accounting methods, but also record the f...

This article appeared first on Cryptovest

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