• Franklin Templeton adopts Stellar blockchain technology for transaction activity.
• However, XLM, the native token of the Stellar blockchain, faced an 11.91% fall in one week.
• Indicators signal that XLM would continue to face the bears’ attack for some time.

Franklin Templeton, an investment management company, announced that the Franklin OnChain U.S. Government Money Fund has surpassed $270 million in assets under management (AUM). According to Stellar’s press release, the Fund’s official record of share ownership is maintained via a blockchain-integrated system that utilizes the Stellar blockchain technology for transaction activity.

Stellar also highlighted that the Franklin OnChain U.S. Government Money Fund is the first US-registered mutual fund to process transactions and record share ownership on public blockchain technology. Moreover, …

The post XLM Could Ride With Bulls as Franklin Templeton Utilizes Stellar appeared first on Coin Edition.

• Franklin Templeton adopts Stellar blockchain technology for transaction activity.
• However, XLM, the native token of the Stellar blockchain, faced an 11.91% fall in one week.
• Indicators signal that XLM would continue to face the bears’ attack for some time.

Franklin Templeton, an investment management company, announced that the Franklin OnChain U.S. Government Money Fund has surpassed $270 million in assets under management (AUM). According to Stellar’s press release, the Fund’s official record of share ownership is maintained via a blockchain-integrated system that utilizes the Stellar blockchain technology for transaction activity.

Stellar also highlighted that the Franklin OnChain U.S. Government Money Fund is the first US-registered mutual fund to process transactions and record share ownership on public blockchain technology. Moreover, …

The post XLM Could Ride With Bulls as Franklin Templeton Utilizes Stellar appeared first on Coin Edition.