Demex Daily #253: Franklin Templeton Adds Treasury Fund to Aptos

What’s Interesting Today:

Franklin Templeton has expanded its blockchain U.S. treasury fund (FOBXX) to the Aptos network, following recent additions like Avalanche. FOBXX is a Nasdaq-listed, digitized fund allowing investors to hold U.S. government securities in digital wallets via Franklin Templeton's Benji app. The firm continues to innovate in blockchain finance, with FOBXX being the first U.S.-registered fund to use public blockchains for transactions. Aptos, created by developers from Meta's Diem project, joins other blockchains like Arbitrum, Stellar, and Polygon in supporting the fund.

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Sui has become the first blockchain to integrate SCION, a secure alternative to the Border Gateway Protocol (BGP), to protect against Internet routing attacks. SCION improves security by preventing malicious rerouting of traffic, a vulnerability in BGP that has caused major issues on other networks. Sui’s implementation of SCION enhances network resilience, protects validators from hijacking and DDoS attacks, and improves performance with lower latency. This integration positions Sui as a leading blockchain for secure, critical infrastructure use cases with 100% uptime since its mainnet launch.

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