Franklin Templeton’s $410M government money market fund launches on Coinbase’s Base blockchain

Franklin Templeton has introduced its OnChain U.S. Government Money Market Fund (FOBXX) on Coinbase's Base, marking the first time a major asset manager has launched on the layer-2 blockchain, according to CoinDesk. The $410 million fund is already available on Arbitrum, Polygon, Avalanche, Aptos and Stellar.