Franklin Templeton, a $1.5 trillion Wall Street business, is Coinbase's first big wealth manager to use their Ethereum scaling solution. 

Users can now trade shares of Franklin Templeton's OnChain U.S. Government Money Market Fund, FOBXX, over the layer-2 network Base, the company revealed. 

Base is the sixth blockchain to host Franklin Templeton's tokenized Treasury fund, after FOBXX, which has $410 million in assets, has previously debuted on five other blockchains: Arbitrum, Polygon, Avalanche, Aptos, and Stellar.