Overview
- FRNT went live Jan. 7–8 with public trading on Kraken after initial deployment on Solana.
- Cross-chain transfers are enabled via LayerZero/Stargate, providing access on Ethereum, Arbitrum, Avalanche, Base, Optimism, Polygon, and Solana.
- Reserves are fully backed and reported as overcollateralized, managed by Franklin Templeton and custodied by Fiduciary Trust Company International in a Wyoming-chartered trust.
- Net revenue from reserve interest is earmarked for the state’s School Foundation Fund on a quarterly basis.
- Early volumes and broader uptake remain limited, and the Wyoming Stable Token Commission will review progress at a Jan. 15 meeting.