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Franklin CEO Reveals Upcoming Major Announcement for Its Money Market Fund

By: theblockbeats.news|2025/11/03 08:03:24

BlockBeats News, November 3rd, Franklin Templeton CEO Jenny Johnson revealed at Hong Kong Fintechweek 2025 that a major announcement is coming regarding their money market fund. When asked about the primary reason for attending the Hong Kong event, Jenny said, "We are excited about the future of the money market fund, as we have seen new demand in many jurisdictions, and I think maybe the announcement will be made here in the next two days."

Franklin Templeton was one of the first companies globally to launch a tokenized money market fund. Its flagship product, FOBXX, was introduced in 2021 and was the first money market fund in the United States to utilize public blockchain. It supports 24/7 trading and settlement and recently opened support for purchasing and redeeming using USDC, enabling seamless on-chain/off-chain conversion. As of November 2025, its assets under management are approximately $410 million, making it the second-largest tokenized fund in the market, following only BUIDL under BlackRock.

Bitcoin spot ETFs saw a total net outflow of $192 million on October 31, marking the third consecutive day of net outflows.

Balancer's protocol appears to have been compromised, with approximately $70.6 million in assets transferred out.