Franklin Templeton launches a tokenized money fund on Base, a Layer 2 network from Coinbase. FOBXX, the first such fund on Base, has already been on Stellar, Polygon, and Arbitrum. With assets of about $435 million and a yield of 4.7%, the fund is available through the Benji Investments platform. Launched in 2023, Base has become the second most popular Layer 2 network on Ethereum with a TVL of about $8 billion. 📉