The $1.74 trillion asset manager is letting institutions move directly between stablecoins and shares of its tokenized US government money fund through MoonPay's new institutional rails, marking one of the first listings of a US-registered tokenized MMF on a third-party onchain trading venue.

The $1.7 trillion asset manager will absorb the 250 Digital team and all liquid crypto strategies previously managed by CoinFund, targeting pensions and sovereign wealth funds.

The partnership brings growth, large-cap, fixed income, equity income, and gold ETFs onchain through Ondo Global Markets.

Eligible clients can now use tokenized money market funds as off-exchange trading collateral.

The asset manager has updated two Western Asset money market funds to support stablecoin reserves and blockchain-based distribution.

Digital assets often outperform traditional markets, driven by institutional adoption and tokenized products.

The expansion to the fifth-largest blockchain aims to reach more institutional and retail investors.

What happens when traditional finance and decentralized finance collide? Join us in this insightful interview with Sandy Kaul, Head of Innovation at Franklin Templeton, as we explore the firm’s groundbreaking crypto experiments, DeFi-enabled opportunities, and the future of tokenized money market funds.

The patent-pending technology maximizes yield earning and creates new opportunities for BENJI holder.

The move comes two weeks after the fund expanded onto Arbitrum.