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Franklin Templeton launches US Government Money Fund (FOBXX) on Arbitrum

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Summary
Nutrition label

61% Informative

Franklin Templeton has announced the launch of its money market fund on the Arbitrum network.

The Franklin OnChain US Government Money Fund (FOBXX) will be available on the blockchain.

Investors can use Arbitrum Network on request subject to eligibility.

FOBXX was launched in 2021 and remains the first US fund to use a public blockchain for processing transactions and recording ownership.

VR Score

40

Informative language

31

Neutral language

52

Article tone

formal

Language

English

Language complexity

65

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links