The adoption of blockchain technology by major financial institutions has sparked significant discussion within the blockchain community. Blockchain enthusiast Alessio Meloni recently emphasized the importance of Franklin Templeton’s move to tokenize assets on Stellar, stating , “When Franklin Templeton, with $1.6 TRILLION in assets, is tokenizing on Stellar , you know something BIG is happening. If you’re still sleeping on $XLM, it’s time to wake up. The future of finance is being built RIGHT NOW.” When Franklin Templeton, with $1.6 TRILLION in assets, is tokenizing on Stellar, you know something BIG is happening. If you’re still sleeping on $XLM , it’s time to wake up. The future of finance is being built RIGHT NOW. #Stellar #XLM #CryptoRevolution — Alessio Meloni (@Panzbaby777) February 9, 2025 Edo Farina, CEO of Alpha Lions Academy and a strong advocate for blockchain adoption, highlighted this development. In response to Franklin Templeton’s use of Stellar, he tweeted , “Imagine dismissing $XLM, while Franklin Templeton managing over $1.6 trillion in assets is actively tokenizing on Stellar.” His statement underscores the significance of the institutional adoption of blockchain technology and the growing role of Stellar in the financial sector. Franklin Templeton’s Blockchain Integration Franklin Templeton, a global investment management firm, has been at the forefront of integrating blockchain technology into traditional financial products. In 2021, the company launched the Franklin OnChain U.S. Government Money Market Fund (FOBXX), making it the first U.S.-registered mutual fund to process transactions and record share ownership on a public blockchain. The fund initially operated on the Stellar network but expanded its blockchain integration to include platforms such as Polygon, Aptos, Avalanche, Arbitrum, and Base. The firm’s decision to leverage Stellar was driven by the network’s efficiency in asset tokenization and transaction processing. Stellar’s design allows for seamless issuance and transfer of digital assets, making it an ideal choice for financial institutions looking to modernize their operations. Using blockchain, Franklin Templeton enhances transparency, reduces operational costs, and provides investors with real-time access to transaction data. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 As of March 31, 2023, the Franklin OnChain U.S. Government Money Market Fund had surpassed $270 million in assets under management. The fund primarily invests in government securities, cash, and repurchase agreements collateralized by government securities, ensuring liquidity and stability. In October 2024, Franklin Templeton expanded the fund’s accessibility by launching it on Coinbase’s Base blockchain, becoming the first asset manager to do so. This move highlights the firm’s commitment to embracing innovative technologies to improve investor experience and operational efficiency. The Future of Blockchain in Financial Services Franklin Templeton’s initiatives mark a broader shift in the financial sector, where institutions increasingly adopt blockchain for asset management and transaction processing. By integrating blockchain, financial firms can benefit from enhanced transparency, faster settlements, and reduced costs. The endorsements from industry figures like Alessio Meloni and Edo Farina reflect the growing awareness of blockchain’s transformative potential. As major financial institutions continue to explore and implement blockchain solutions, the future of finance is being reshaped by these innovations. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Expert Pinpoints Why You Should Not Underestimate Stellar (XLM) appeared first on Times Tabloid .
