Franklin Templeton releases money fund on ”Base”

Franklin Templeton has launched a tokenized money fund on Coinbase’s layer-2 blockchain platform, Base.
On the 31st (local time), Franklin Temporton announced through X (formerly Twitter) that it would launch the US Government Money Fund (FOBXX) on Base.
Previously, FOBXX had launched tokenized funds on other blockchain platforms such as Stellar, Polygon, and Abitrum.
The money fund is a fund that holds highly liquid assets such as short-term government bonds and commercial paper and has a low risk ratio.