Catenaa, Friday, January 23, 2026-Franklin Templeton updated two institutional money market funds to support blockchain-enabled platforms and regulated stablecoin markets, the company said.
Western Asset Management, an affiliate of Franklin Templeton, adjusted the Western Asset Institutional Treasury Obligations Fund to hold only US Treasuries with maturities of 93 days or less, meeting reserve requirements under the US GENIUS Act.
This makes the fund eligible to serve as a stablecoin reserve.
The Western Asset Institutional Treasury Reserves Fund introduced a digital institutional share class that allows approved intermediaries to record and transfer ownership using blockchain infrastructure.
The fund remains a conventional money market product but now enables faster settlement, integration with digital cash systems, and round-the-clock transfers.
Franklin Templeton said the updates help institutional investors leverage familiar cash products onchain, avoiding the need to launch new crypto-native funds.
The changes follow similar moves by major financial firms, including JPMorgan, which recently launched a tokenized money-market fund on Ethereum.
The updates position Franklin Templeton to meet growing institutional demand for regulated digital cash solutions and stablecoin reserves while maintaining compliance with US financial regulations.
