Franklin Templeton, a $1.6 trillion asset management firm, has announced the expansion of its OnChain U.S. Government Money Fund (FOBXX) to the Aptos blockchain. This move signifies a notable advancement in the tokenized real-world asset money fund, which will now be accessible on non-EVM blockchain environments. This follows FOBXX's recent integration with the Avalanche blockchain.

Launched in 2021, the FOBXX fund manages $420 million in assets, with each share represented by a BENJI token. Institutional investors can allocate funds using their crypto wallets on the Benji Investments platform and may now hold their wallets on the Aptos blockchain.

FOBXX is the first U.S.-registered fund to utilize a public blockchain for transaction processing and share ownership recording. Bashar Lazaar of Aptos Foundation praised Franklin Templeton's innovative approach, emphasizing the importance of connecting TradFi and DeFi worlds, as well as EVM and non-EVM networks.

Roger Bayston, Head of Digital Assets at Franklin Templeton, highlighted the Aptos Network's unique characteristics that align with their suitability standards. This development marks a significant milestone in leveraging blockchain technology for new asset management capabilities.