0x80ea37a9…c0d6sent to0xb024ac5a…a016·#24,372,871·view on Etherscan
# Update eligible collateral criteria to include Franklin OnChain U.S. Government Money Fund (FOBXX)
### Proposal
This present proposal recommends the inclusion of Franklin OnChain U.S. Government Money Fund (FOBXX) product as one of the explicitly approved so-called wrappers of United States Treasury Bills to be deemed Eligible Collateral as per section 3.1, and valued in accordance to section 3.2 in the Adopted Governance — i.e. without any additional haircuts given no additional risk overlay of the wrapping technology.
The Franklin OnChain U.S. Government Money Fund (FOBXX) was analyzed in detail by several teams in the M0 ecosystem, including members of M0 Labs and the M0 Foundation. After thorough diligence, the product is being recommended to distributed governance as suitable for the ecosystem. For more information on FOBXX, see [https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX](https://www.franklintempleton.com/investments/options/money-market-funds/products/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund/FOBXX) . For any questions on the due diligence and findings, please contact [joao.reginatto@m0.org](mailto:joao.reginatto@m0.org).
### Change #1
#### Section 3.1.1. Criteria for the Eligibility of Assets
**Old**:
...
> **vii.** Any version of items (i), (ii), (iii), (vi) in tokenized form, provided that such versions comply with all applicable laws and regulations - subject to specific definition of the financial product in scope.
**a.** List of approved products: (1) Superstate Short Duration US Government Securities Fund (commonly referred to as USTB); (2) BlackRock USD Institutional Digital Liquidity Fund (commonly referred to as BUIDL).
**New**:
...
> **vii.** Any version of items (i), (ii), (iii), (vi) in tokenized form, provided that such versions comply with all applicable laws and regulations - subject to specific definition of the financial product in scope.
**a.** List of approved products: (1) Superstate Short Duration US Government Securities Fund (commonly referred to as USTB); (2) BlackRock USD Institutional Digital Liquidity Fund (commonly referred to as BUIDL); (3) Franklin OnChain U.S. Government Money Fund (commonly referred to as FOBXX).
---