PANews reported on January 14 that, according to Cryptopolitan, Franklin Templeton Investments has adjusted two of its institutional money market funds—Western Asset Institutional Treasury Obligations Fund (LUIXX) and Western Asset Institutional Treasury Reserves Fund (DIGXX)—to integrate stablecoins and on-chain financial infrastructure.
After adjustments, the LUIXX fund holds only U.S. Treasury bonds with maturities of less than 93 days to comply with the quality requirements for stablecoin reserve assets under the GENIUS Act of 2025, making it one of the first money market products specifically designed for stablecoin reserve compliance. The DIGXX fund, on the other hand, has added a "Digital Institutional Share Class," which records and transfers shares based on a blockchain network, enabling near-instantaneous 24/7 settlement, while the fund's underlying asset portfolio still adheres to U.S. money market fund rules.


