Franklin Templeton transforms its money market fund into a stablecoin reserve tool Odaily Planet Daily News: Franklin Templeton announced the compatibility of its two institutional money market funds with blockchain finance, aiming to lay out the growth market for tokenized assets and regulated stablecoins. This update applies to the Western Asset Institutional Treasury Obligations Fund (LUXX) and Western Asset Institutional Treasury Reserves Fund (DIGXX)， All are managed by its subsidiary Western Asset Management. Franklin Templeton's head of digital assets, Roger Bayston, stated that traditional funds have begun to go live, so the focus is on making it easier for more people to use them. The LUIXX fund has been modified to comply with the GENIUS Act, which sets reserve standards for regulated stablecoins. At present, the fund only holds short-term US treasury bond bonds with a maturity of less than 93 days, which can be used as a stable currency reserve tool. DIGXX Fund has launched a digital institutional stock category specifically designed for distribution on blockchain platforms, allowing approved intermediaries to record and transfer ownership of fund shares on the chain.