Svmuu News: Franklin Templeton has announced that it is making its two institutional money market funds compatible with blockchain finance, with the aim of positioning itself for the growing market of tokenized assets and regulated stablecoins. This update applies to the Western Asset Institutional Treasury Obligations Fund (LUIXX) and the Western Asset Institutional Treasury Reserves Fund (DIGXX), both managed by its subsidiary, Western Asset Management. Roger Bayston, Head of Digital Assets at Franklin Templeton, stated that traditional funds have begun moving onto the blockchain, so the focus is on making them more accessible to a wider audience. It is reported that the LUIXX fund has been modified to comply with the GENIUS Act, which establishes reserve standards for regulated stablecoins. The fund currently holds only short-term U.S. Treasury bonds with maturities of less than 93 days, which can be used as a reserve instrument for stablecoins; the DIGXX fund has launched a digital institutional share class specifically designed for distribution on blockchain platforms, allowing approved intermediaries to record and transfer ownership of fund shares on-chain. (CoinDesk)