Franklin Templeton’s Luxembourg-based U.S. Treasury fund is a fully tokenized U.S. Treasury fund designed to provide institutional investors with high current income while preserving capital and maintaining liquidity. It targets a constant Net Asset Value (NAV) of USD 1, a common goal for money market funds seeking to provide stability to investors.

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The fund’s primary objective is to deliver high current income while preserving capital and maintaining liquidity. It targets a constant Net Asset Value of USD 1, a common goal for money market funds seeking to provide stability to investors. To achieve these objectives, the fund will invest in various U.S. government securities. These investments may include fixed-rate securities, floating-rate securities, and variable-rate securities. The fund also has the capability to engage in repurchase agreements that are fully collateralized by U.S. government securities or cash

The launch of the Franklin OnChain U.S. Government Money Fund marks the first Luxembourg-domiciled fund investing in U.S. government securities that's fully tokenized

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