Franklin Templeton has announced adjustments to two of its institutional-grade money market funds to better align with blockchain finance and stablecoin applications. The LUIXX fund has restructured its assets to hold only U.S. Treasury securities with maturities not exceeding 93 days, complying with the GENIUS Act requirements for regulated stablecoin reserve assets, effective 2025. This adjustment allows LUIXX to serve as a stablecoin reserve tool. Meanwhile, the DIGXX fund has introduced an on-chain institutional share class, enabling compliant intermediaries to record and transfer fund shares on the blockchain, facilitating faster settlement, 24/7 trading, and integration with digital asset systems.
Franklin Templeton Adjusts Funds for Blockchain and Stablecoin Applications
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