Franklin Templeton Expands Tokenized U.S. Treasury Fund to Europe

According to Foresight News, Franklin Templeton, an asset management company, has launched the Franklin OnChain U.S. Government Money Fund in Luxembourg. This tokenized U.S. Treasury fund aims to broaden its reach to European institutional investors. The fund will be accessible to investors in eight European countries, including Austria, France, Germany, Italy, Liechtenstein, the Netherlands, Spain, and Switzerland. Since its initial debut in 2021, the U.S.-registered version of the fund has attracted over $580 million in assets, exclusively from American investors.