Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 2-19-25

20/02/2025

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FRANKLIN TEMPLETON LAUNCHES TOKENIZED U.S. TREASURY FUND IN LUXEMBOURG

Franklin Templeton, a leading global asset manager, announced on Wednesday the launch of its tokenized U.S. Treasury fund in Luxembourg, broadening access for institutional investors across Europe.

The First Fully Tokenized U.S. Gov’t Fund

Notably, the Franklin OnChain U.S. Government Money Fund is the first fully tokenized Luxembourg-based fund investing in U.S. government securities, as per the press release. This would mean that Shares in the fund are recorded and transferred on the blockchain using Franklin Templeton’s platform, improving efficiency, transparency, and security.

The fund operates on the Stellar XLM network and is available to institutional investors in eight European countries, including Austria, France, Germany and Italy, following regulatory approval in October. Notably, the U.S. version of the fund, launched in 2021, has gained over $580 million in assets but is only available to U.S. investors, according to rwa.xyz data.

European Investors Gain Access to Efficient Investment Option

This launch gives institutional investors in eight European countries access to a more efficient and transparent investment option. By using blockchain, it modernizes transactions and emphasizes the growing role of tokenization in finance. As real-world asset tokenization rises, it’s clear that traditional finance and crypto are merging.

Tokenized U.S. Treasuries are leading the charge in real-world asset tokenization, growing into a $4 billion market this year. Franklin Templeton was the first major financial institution to launch such a product, making it the third-largest tokenized treasury fund by assets, Hashnote’s USYC and BUIDL, issued by BlackRock and Securitize.

Franklin Templeton Expands Tokenized Treasury Fund to Solana

Recently, Franklin Templeton announced expanding its tokenized treasury fund to Solana. This move followed the registration of the Franklin Solana Trust in Delaware previously. The fund also known as Franklin OnChain U.S. Government Money Fund (FOBXX) was made accessible on eight blockchains, adding Solana to its previous networks, which included Stellar, Aptos, Avalanche, Arbitrum, Polygon, Base, and Ethereum.
@ Newshounds News™

Source: Coinpedia

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BRICS: RUSSIA EXPLORES MAJOR PARTNERSHIP WITH THE U.S

BRICS member Russia is exploring major partnerships with the U.S. to help its economy stay afloat. The Biden administration pressed sanctions on Russia in February 2022 for invading and waging war against its neighboring country Ukraine.

The White House sent billions to Zelensky through funds, warplanes, and military equipment. Despite receiving billions, Zelensky repeatedly demanded more and gained funds from the U.S. and the European Union (EU).

Russia is now eyeing deals with the Trump administration to save its economy from collapsing. The U.S. and BRICS member Russia discussed possible cooperation on energy projects in the Arctic during a meeting in Saudi Arabia.

Kirill Dmitriev, the head of the state-owned Russian Direct Investment Fund (RDIF) confirmed that both sides negotiated some “specific areas of cooperation” and also discussed other economic policies in broad strokes.

BRICS: Russia & U.S. Look at Energy Projects in the Arctic Region

Dmitriev revealed that BRICS member Russia and the U.S. may initiate joint energy projects in the Arctic region. “It was more a general discussion — maybe joint projects in the Arctic. We specifically discussed the Arctic,” Dmitriev said. The discussions are yet to turn into official policy as both sides are weighing their options.

If the deal goes through with the U.S., BRICS member Russia could get an economic boost that could bolster its GDP. Russia’s economy has been stagnant and Putin was finding alternative options to settle trade. Trump made it clear that he wants the U.S. to dominate the oil and gas sector leaving no room for others.

Dmitriev said that BRICS member Russia is confident that a new energy deal with the U.S. could go through. Russia is “Positive after the Biden administration destroyed all of the communication, and destroyed all of the discussion,” he said. A new chapter in the energy sector could open up if the U.S. and Russia’s Arctic oil deal goes through.

@ Newshounds News™

Source: Watcher Guru

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