Franklin Templeton announced the launch of the first fully tokenized U.S. Treasury fund, the Franklin OnChain U.S. Government Money Fund, in Luxembourg. The fund will be open to institutional investors in eight European countries - Austria, France, Germany, Italy, Liechtenstein, the Netherlands, Spain and Switzerland - and shares will be recorded and transferred through Stellar. The US version of the fund has attracted more than $580 million in assets since its launch in 2021.