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...