Franklin Templeton to Use Stellar For New Fund

Fund won't invest in crypto but “the ownership of the Fund’s shares may be maintained and recorded solely on the Stellar network"
04 September 2019   947

Franklin Templeton, a large investment company that manages $ 700 billion worth of assets, intends to launch a fund for short-term investments, whose shares will be tokenized on the Stellar blockchain. The corresponding provisional application is published on the website of the US Securities and Exchange Commission (SEC).

According to the document, the fund will invest at least 99.5% of the assets under its management in government securities, cash and repurchase agreements fully secured by government securities or cash.

The document also states “the ownership of the Fund’s shares may be maintained and recorded solely on the Stellar network." Franklin Templeton expects that the use of the blockchain will increase transparency and reduce settlement time, however, the initiative remains in test mode and can be liquidated at any time by the decision of the company.

As part of the creation of the fund, a mobile application will be developed that will allow investors to purchase and redeem tokenized shares directly from the company, as well as track the balance in the Stellar blockchain.

It is noted that after registration in the application, an individual wallet will be created for each investor.

Diffusion 2019 to Gather Crypto Hackers in Berlin

World most interesting tokenised protocol teams joined forces to create one of the biggest devconf in the world
20 September 2019   166

19th-20th October 2019, Berlin, one of the IT capitals of the world, will gather representatives of blockchain, AI, IoT and Big Data industries across the globe. 350 developers are going to test their skills, by hacking with 25m+ lines of open source code. Thousand of prizes awaits the winners.

This two-day event will focus on the practical application of open-source distributed ledger technology, smart contracts, machine learning and programmable tokens, to create a new data layer.
 

Diffusion

Diffusion 2019 Attendants
Diffusion 2019 Attendants

The conference will last for two days and is focused on the practical usage of open-source blockchain technology, machine learning, programmable tokens and smart contracts with a goal to create a new data layer. 

If you are not a skilled programmer, you will find what to do, Join panels, chats, workshops. Discuss the latest topics, such as token economics, blockchain for enterprise, AI, deep learning and more. Whether you are a dev, work in IT or tech industry, geek or just interested all that new - this is a place for you. You will be able to discuss things and share knowledge with lead developers, professors, start-upers and CEOs.

Part of Diffusion 2019 Attendants
Part of Diffusion 2019 Attendants

The event will take place at the Factory Berlin.

Hype.Codes team is happy to report that our journalist is going to the Diffusion 2019 too! Anton will provide you, our dear readers, with the freshest news and announces straight from the Factory.

Also, check out the latest conference's partnership with ETHBerlin.

And now the most interesting thing. You will be able to to take part in a hackathon for free!

Apply for free place at Hackaton now!

Not a coder, but still want to attend an event? 

Get your ticket here!