Jiritsu launched a verification system for Franklin Templeton’s EZBC and FOBXX funds, which will allow retail tokens backed by these funds to be developed.
Two Franklin Templeton tokenized funds, the Franklin Bitcoin ETF (EZBC) and the Franklin OnChain US Government Money Fund (FOBXX), have integrated a verification system using Jiritsu network on Avalanche, according to Dec. 2 statements from Jiritsu co-founder Jacob Guedalia.
The new system will allow asset managers to issue tokens backed by the funds’ shares, paving the way for these tokens to become available to retail investors.
The FOBXX fund has been traded on various blockchain networks since 2021 in the form of the BENJI token, which represents its shares on the blockchain. It is currently available on the Stellar, Polygon, Arbitrum, Base and Avalanche networks.
