Franklin Templeton Money Market Fund transforms into a stablecoin reserve tool

Franklin Templeton announced the compatibility of Western Asset Institutional Treasury Obligations Fund (LUXX) and Western Asset Institutional Treasury Reserves Fund (DIGXX) with blockchain finance, laying out tokenized assets and regulated stablecoin markets. LUIXX Fund has been modified to comply with the GENIUS Act, and only short-term US treasury bond bonds with a holding period of less than 93 days can be used as a stable currency reserve tool. DIGXX Fund launches digital institutional stock category, allowing approved intermediaries to record and transfer ownership of fund shares on the blockchain platform.