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Franklin Templeton has upgraded its two institutional money market funds managed by its subsidiary Western Asset Management to adapt to the tokenized finance sector. The Western Asset Institutional Government Money Market Fund ($LUIXX) now meets the reserve requirements of the GENIUS Act, investing exclusively in short-term U.S. Treasury securities to support stablecoin issuers. The Western Asset Institutional Treasury Reserve Fund has introduced a new digital institutional share class ($DIGXX), which can be distributed via blockchain platforms for faster settlement and 24/7 trading, while still maintaining the status of a registered fund with the U.S. Securities and Exchange Commission (SEC).