Good News from Franklin Templeton and Grayscale for the Altcoin Closely Followed by Turkish Users!

Grayscale has announced the launch of the Grayscale Avalanche Trust.

Franklin Templeton also announced that it will be launching its FOBXX fund on the Avalanche (AVAX) network.

Coindesk’in haberine göre Grayscale has announced the launch of the Grayscale Avalanche Trust.
Grayscale Avalanche Trust, yatırımcılara işlem ücretlerini ödemek ve yüksek hızlı, ultra ölçeklenebilir blok zincirini güvence altına almak için kullanılan AVAX token’ına erişim imkanı sunacak.

“Grayscale Investments, the world’s largest crypto asset manager offering more than 20 crypto investment products, today announced the public launch of Grayscale Avalanche Trust.

The launch of the Grayscale Avalanche Trust highlights Grayscale's ongoing commitment to providing investors with innovative opportunities to access exciting developments in the crypto ecosystem.

Avalanche plays a key role in advancing RWA tokenization through its key strategic partnerships and unique, multi-chain architecture.”

Grayscale also recently introduced investment products for MakerDAO (MKR), Sui (SUI) and Bittensor (TAO).

Franklin Templeton Expands Its Alatcoin Network!

Apart from Grayscale, Franklin Templeton also announced that it has expanded its OnChain US Government Money Fund (FOBXX) to Avalanche.

Roger Bayston, head of digital assets at Franklin Templeton, said in a statement:

“I think the Avalanche ecosystem is an extremely robust network that allows us to deliver high-quality features and characteristics to our customers.

Bringing the Benji platform to the Avalanche network further expands access to our first-of-its-kind tokenized money market fund.

We look forward to working with Avalanche’s vibrant developer community to bring new blockchain-powered innovations to market.”

The FOBXX fund is represented by the BENJI token, which is currently traded on Stellar (XLM) and Ethereum Layer 2s Polygon and Arbitrum (ARB).

Launched in 2021, Franklin OnChain U.S. Government Monetary Fund (FOBXX) became the first U.S.-registered investment fund to use a public blockchain to record transactions.

Following the news, there was a 4% increase in AVAX price.

*This is not investment advice.