Wyoming has launched FRNT, the Frontier Stable Token, marking the first blockchain-based asset issued and backed by a U.S. state.
Wyoming Stable Token Act Delivers First Live State-Issued Stable TokenWyoming Governor Mark Gordon said the launch reflects the state’s long-standing focus on financial innovation and regulatory clarity, while Franklin Templeton CEO Jenny Johnson described the initiative as a public-private collaboration aimed at modernizing financial infrastructure.
“Our collaboration with the State of Wyoming demonstrates what’s possible when the public and private sectors work together to create a compliant, trusted framework for digital assets,” Johnson stated.
The finance giant’s CEO added:
“Franklin Templeton’s deep expertise across fixed income, custody, and digital assets uniquely positions our firm to help governments and institutions modernize financial infrastructure.”
State officials said the FRNT program is designed to expand access to digital financial tools while maintaining public accountability and transparent oversight through state-managed reserves and regulatory frameworks.
FAQ What is FRNT? FRNT is the Frontier Stable Token, a blockchain-based stable token issued and backed by the State of Wyoming. How is FRNT backed? All FRNT reserves are held in trust by Wyoming and invested in U.S. dollars and short-term U.S. Treasuries. Which blockchains support FRNT? FRNT is issued on Solana and initially supported across Avalanche, Ethereum, Arbitrum, Base, Optimism, and Polygon. Where can FRNT be purchased? FRNT is available via Kraken on Solana and through Rain on the Avalanche network.
