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 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

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