Franklin Templeton announced adjustments to two of its institutional-grade money market funds to better accommodate blockchain finance and stablecoin-related applications. Among them, LUIXX has adjusted its asset structure, now only holding US Treasury securities with maturities of no more than 93 days, in compliance with the GENIUS Act passed in 2025 regarding regulated stablecoin reserve assets, and can be used as a stablecoin reserve tool; DIGXX has added an on-chain institutional share class, allowing compliant intermediaries to record and transfer fund shares on the blockchain, enabling faster settlement, 24/7 trading, and integration with digital asset systems. (CoinDesk)
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Franklin Templeton announced adjustments to two of its institutional-grade money market funds to better accommodate blockchain finance and stablecoin-related applications. Among them, LUIXX has adjusted its asset structure, now only holding US Treasury securities with maturities of no more than 93 days, in compliance with the GENIUS Act passed in 2025 regarding regulated stablecoin reserve assets, and can be used as a stablecoin reserve tool; DIGXX has added an on-chain institutional share class, allowing compliant intermediaries to record and transfer fund shares on the blockchain, enabling faster settlement, 24/7 trading, and integration with digital asset systems. (CoinDesk)