Franklin Templeton has launched its OnChain U.S. Government Money Market Fund on Coinbase's Base blockchain, making it the first asset manager to utilize this layer-2 blockchain. The fund has a market capitalization of $410 million and is also accessible on other blockchains such as Stellar, Aptos, Avalanche, Arbitrum, and Polygon. With this move, Franklin Templeton is expanding its presence in the digital asset space, enhancing the fund's accessibility and efficiency for investors. The decision to include the fund on Base emphasizes the growing trend of traditional asset management firms integrating blockchain technology into their offerings. This initiative could potentially open new avenues for investors and reshape the landscape of asset management within the blockchain ecosystem.

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