Zeros

Franklin Templeton, Wyoming’s FRNT Stablecoin, and the ETF-to-Digital-Asset Rewards Proposal For years, Franklin Templeton has quietly positioned itself as one of the more active traditional financial firms exploring blockchain technology and digital assets. While some investment companies have approached the sector cautiously, Franklin Templeton has spent several years building infrastructure, tokenized funds, and exchange-traded products tied to digital assets . Recent developments involving Wyoming's FRNT stablecoin and a growing list of exchange-traded fund filings suggest the company is pursuing a long-term strategy that connects traditional finance with blockchain-based systems. The most visible development arrived in January 2026 when the State of Wyoming officially launched the Frontier Stable Token , known as FRNT. The token is notable as the first state-issued stablecoin in the United States. Rather than being issued by a private company, FRNT operates ...

Two States, Two Different Bets Wyoming issued its own stablecoin . Ohio opened its payment portal . The question behind both moves is the same one. Wyoming became the first U.S. state to issue its own stablecoin when the Frontier Stable Token — ticker FRNT — went on public sale in January 2026. The token is tethered one-to-one to the dollar , backed by U.S. Treasuries and cash held in a state trust managed by Franklin Templeton , and available for purchase through Kraken on the Solana and Avalanche blockchains.  The Wyoming Stable Token Commission , which was authorized by the Wyoming Stable Token Act in 2023, was explicit about where the money goes: net interest revenue from the Treasury reserves is earmarked for the state's School Foundation Fund . That is not a small thing to put in the fine print. Ohio took a different approach. Through its Buckeye Billfold initiative, the state now accepts digital asset payments for fees and services via a third-party proce...