Social encounters

Lisa Nestor (@nestorious828) weighs in on the market opportunities around new use-cases for stablecoins in this edition of @AttendDASS’s DigitalAssetsWeekly.

“Accessibility is the key.” Megha Bambra shares the vision for StellarX, a decentralized asset exchange built for everyone and everything.

Franklin Templeton Investments, a global investment fund with nearly $700B in assets under management, has filed a preliminary prospectus with the SEC for a government money market fund whose shares will be tokenized on the Stellar network.

The fund will invest at least 99.5% of its assets under management in government securities, cash, and repurchase agreements that are fully collateralized by government securities or cash. The filing also notes that the fund will not invest in cryptocurrencies.

In a statement shared with The Block, Franklin Templeton states that it “believes that blockchain technologies have the possibility to knit traditional asset management products and services closer to transactional payments” and that “a registered money market fund that is backed by hard assets and registered with the SEC under the Investment Company Act of 1940, with its shares existing as native digital assets on a blockchain and held in a digital wallet, can be an ideal stable digital asset to be used in the new economy. “

As part of the creation of the fund, Franklin Templeton will also develop a mobile app that will be available in the Apple App Store and Google Play. This app enables investors to purchase and redeem the tokenized shares on the government money market fund directly from the firm and also monitor the balance of the shares on the public Stellar blockchain.

Upcoming events:

Meridian is an opportunity to discuss big-picture questions around financial inclusion, efficiency, and innovation. Where are the greatest applications for Stellar in our financial present? What roles will Stellar have in our financial future? How are different countries approaching regulation and compliance? Where can Stellar make the most impact? What can we all do to make building on Stellar easier and more rewarding?

In Mexico City, these topics will be covered and will be providing opportunities for the Stellar community to meet their counterparts from around the world.

Date And Time

Mon, Nov 4, 2019, 9:00 AM –Tue, Nov 5, 2019, 6:00 PM CST

Location

Proyecto Público Prim

30 Calle General Prim

Colonia Juárez, CMX 06600

Mexico