Franklin Templeton Says Its Money-Market Fund Is Attracting Crypto Assets

[ph1l]

https://finance.yahoo.com/news/franklin-templeton-says-money-market-123000290.html

The fund uses the Stellar blockchain network to process transactions and record ownership. The fund invests in US government securities, cash and repurchase agreements and doesn’t hold any cryptocurrencies.

So, you can buy shares and have your transactions be on a blockchain.
https://www.franklintempleton.com/i...klin-on-chain-u-s-government-money-fund/FOBXX

This seems like a solution searching for a problem, since you can buy shares in non-blockchain U.S. Government money market fund with a higher yield.
https://investor.vanguard.com/investment-products/mutual-funds/profile/vmfxx

 

[M.W.]

Pure virtue signaling to please the uneducated gen Z and gen X croud. The same clients can't even count the change they should expect at the till in the supermarket but demand every investment house to offer blockchain based products or ESGs.

https://finance.yahoo.com/news/franklin-templeton-says-money-market-123000290.html


So, you can buy shares and have your transactions be on a blockchain.
https://www.franklintempleton.com/i...klin-on-chain-u-s-government-money-fund/FOBXX
View attachment 312765

This seems like a solution searching for a problem, since you can buy shares in non-blockchain U.S. Government money market fund with a higher yield.
https://investor.vanguard.com/investment-products/mutual-funds/profile/vmfxx
View attachment 312768

 

[murray t turtle]

Pure virtue signaling to please the uneducated gen Z and gen X croud. The same clients can't even count the change they should expect at the till in the supermarket but demand every investment house to offer blockchain based products or ESGs.

%%
LOL some of those younger machines will cheat you also;
i've noticed WMT machine cash register for goceries has shorted me + longed me a penny.
I gave them the penny back APR\should have kept it because of the time WMT shorted me a penny /LO I have called the cashier over there when it tried shorting me a larger amount.
Amazing crpto cr*p managemnt fee =8.76%
SCHW money market allows the female manager some discretion when she buys [after 3CST]
but no sales charge or big single digit or 3 digit manage fee WOW

 

[M.W.]

Clients are raped left and right with those products and they don't even know it. They just run around on social media and sites like this touting how cool they are because they own cryptos.

%%
LOL some of those younger machines will cheat you also;
i've noticed WMT machine cash register for goceries has shorted me + longed me a penny.
I gave them the penny back APR\should have kept it because of the time WMT shorted me a penny /LO I have called the cashier over there when it tried shorting me a larger amount.
Amazing crpto cr*p managemnt fee =8.76%
SCHW money market allows the female manager some discretion when she buys [after 3CST]
but no sales charge or big single digit or 3 digit manage fee WOW

 

[murray t turtle]

Clients are raped left and right with those products and they don't even know it. They just run around on social media and sites like this touting how cool they are because they own cryptos.

%%
ESPECIALLY in 2023.
RE + FUNDS + stock comissions used to be5- 7- 10+/%. NOT now.
One lady asked is that 10% plus 1 , like 11%??
No ITS 10% MORE OR LESS Lady asked a good question,