In the cryptocurrency market, Ethereum continues to attract the attention of large asset managers. A recent statement has once again revealed how critical the Ethereum network is for the financial sector. Experts emphasize that Ethereum is a pioneer in the Real World Assets (RWA) field and has the potential to create a trillion-dollar market in this area. The strategic moves of large companies in this area indicate that Ethereum can provide significant gains in the long term.
Bitcoin, after reaching an all-time high of $90,000, has entered a consolidation process with its current price movement. On the other hand, financial giant Franklin Templeton announced that it has transferred its RWA token to the Ethereum network. This step comes after the company previously supported different blockchain networks such as Base, Aptos and Avalanche. This investment by Franklin Templeton in Ethereum seems to further strengthen Ethereum's influence in the RWA field.
Launched in 2021, the US Government Money Market Fund FOBXX operates on a blockchain-based system and is currently the third largest tokenized money market fund, with a size of $429 million. The first place goes to BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which launched in March and reached $545 million. The Ethereum network contributes greatly to the growth and development of such funds.
Large banks and asset management companies have started to prefer this network by launching their own RWA tokens on the Ethereum network. This development stands out as an important step that strengthens Ethereum’s position in the financial sector. In addition, such strategic moves can support the ETH price in the long term.
In light of its trillion-dollar market targets, Ethereum’s long-term strategies and partnerships with major companies could help it attract more investors, which could be a critical factor in solidifying Ethereum’s leadership in the cryptocurrency market.