According to the latest news, Bitcoin and Ethereum ETF issuer Franklin Templeton is preparing to make a new move. In this context, sources say that he is working on a new fund. This particular fund will offer exposure to a range of cryptocurrencies. It will also potentially provide staking rewards. According to sources, the target of this fund will be institutional investors. Meanwhile, Franklin Templeton has formed an important partnership with Zero Hash.
Franklin Templeton looks beyond Bitcoin and ETH!
Franklin Templeton, the $1.6 trillion US Silicon Valley asset manager, is considering launching a new crypto-focused investment fund, according to sources. It will structure the investment vehicle as a special fund targeting institutional investors. It will also invest in cryptocurrencies beyond Bitcoin (BTC) and Ether (ETH). According to the report, the asset manager also plans to pass on staking rewards to the fund’s investors.
Franklin Templeton is one of several traditional financial giants entering the digital asset industry to offer crypto and tokenized asset investments to their clients. cryptokoin.comAs you follow, it launched a spot Bitcoin ETF in the US earlier this year. It has also filed to list a similar offering for Ethereum, the second-largest crypto asset.
Franklin Templeton integrates USDC with Zero Hash
Franklin Templeton, a global leader in asset management, announced its collaboration with Zero Hash, the leading infrastructure platform for crypto and stablecoins. This partnership marks the integration of USDC funding rails into Franklin Templeton’s operations. Thus, Franklin OnChain facilitates purchases and redemptions for the US Government Monetary Fund (FOBXX). Each fund share is represented by BENJI tokens. This increases transaction efficiency by aligning one-to-one with these digital tokens.
Institutional investors using the Benji Investments platform will greatly benefit from this integration. They can now leverage 24/7/365 USDC funding capabilities to manage their investments in the tokenized fund with near real-time settlement. Zero Hash’s robust API infrastructure simplifies the transaction process. It also ensures compliance and security for users switching between fiat and tokenized assets. Roger Bayston, President of Digital Assets at Franklin Templeton, expressed his excitement about the initiative and said:
Tokenization has the potential to revolutionize the financial industry for the new age of investment. We are pleased to further democratize access to our fund by leveraging Zero Hash’s payment rails to provide a user-friendly on- and off-ramp for tokenized assets.
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