Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Franklin Templeton explores altcoin-based private fund with staking rewards

Franklin Templeton explores altcoin-based private fund with staking rewards

Cryptobriefing2024/06/06 19:28
By:Vince Dioquino

Asset manager Franklin Templeton is considering launching a new private fund that would expose institutional investors to altcoins and offer staking rewards, according to a report from The Information.

The move would expand the company’s offerings beyond its current Bitcoin (BTC) and Ether (ETH) funds. With approximately $1.64 trillion in assets under management as of March 2024, Franklin Templeton ranks among the largest investment management firms globally.

The company has been actively involved in the crypto space, offering several funds, including a popular spot Bitcoin exchange-traded fund (ETF) launched in January.

While the report does not specify which altcoins would be included in the fund’s basket, Franklin Templeton has praised the growth of the Solana network, citing Anatoly Yakovenko’s vision of “a single atomic state machine as a powerful use case of decentralized blockchains.”

Franklin Templeton is also one of the proponents of a spot Ether ETF, which has recently been approved by the United States Securities its nd Exchange Commission (SEC) and is currently awaiting clearance for launch. The asset manager recently updated its S-1 filing for its Ethereum ETF, with a disclosure on the fund’s 0.19% fee.

In a separate development, Franklin Templeton announced on June 6 that investors on its Benji Investments platform can now use USD Coin (USDC) stablecoin to fund investments in its money market fund, the Franklin OnChain US Government Money Fund (FOBXX).

The fund, which manages $357 million in assets, is the first US-registered mutual fund to process transactions and record ownership using a public blockchain. Each share is represented by the BENJI token. The conversion will be facilitated by the crypto and stablecoin infrastructure platform Zero Hash.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

What is the overseas crypto community talking about today?

What were foreigners most concerned about in the past 24 hours?

BlockBeats2025/12/12 21:23
What is the overseas crypto community talking about today?

The Dark Side of Altcoins

Why is it said that almost all altcoins will go to zero, with only a few exceptions?

ForesightNews 速递2025/12/12 21:03
The Dark Side of Altcoins

On the night of the Federal Reserve rate cut, the real game is Trump’s “monetary power grab”

The article discusses the upcoming Federal Reserve interest rate cut decision and its impact on the market, with a focus on the Fed’s potential relaunch of liquidity injection programs. It also analyzes the Trump administration’s restructuring of the Federal Reserve’s powers and how these changes affect the crypto market, ETF capital flows, and institutional investor behavior. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of the generated content are still being iteratively updated.

MarsBit2025/12/12 19:21
On the night of the Federal Reserve rate cut, the real game is Trump’s “monetary power grab”

When the Federal Reserve is politically hijacked, is the next bitcoin bull market coming?

The Federal Reserve announced a 25 basis point rate cut and the purchase of $40 billion in Treasury securities, resulting in an unusual market reaction as long-term Treasury yields rose. Investors are concerned about the loss of the Federal Reserve's independence, believing the rate cut is a result of political intervention. This situation has triggered doubts about the credit foundation of the US dollar, and crypto assets such as bitcoin and ethereum are being viewed as tools to hedge against sovereign credit risk. Summary generated by Mars AI. The accuracy and completeness of this summary are still in the process of iterative updates.

MarsBit2025/12/12 19:21
When the Federal Reserve is politically hijacked, is the next bitcoin bull market coming?
© 2025 Bitget