#om Attention!!!

$OM $#om

BlackRock surpasses Franklin Templeton and has the largest RWA Token fund in the world

The financial market witnessed a significant milestone this week, with BlackRock overtaking Franklin Templeton to assume the position of the world's largest RWA (Real World Assets) token fund. This comes after a $70 million raise in the BlackRock BUIDL fund last week.

BlackRock BUIDL now leads the market with $375 million in tokenized assets. This fund, represented by the BUIDL token on the Ethereum network, is backed by a combination of US Treasury bonds, forward contracts and liquidity.

The collaboration between BlackRock and the Securitize tokenization platform gave rise to this fund, which in just six weeks since its launch has already captured around 30% of the market share.

Meanwhile, the Franklin OnChain U.S. Government Money fund (represented by the BENJI token) saw its assets under management decline to $368 million due to smaller outflows over the same period.

🚀 Looking for the next 100x coin?

Check out our Pre-Sales suggestions to invest now

The change in position was largely driven by the growth of Ondo Finance (ONDO) and its tokenized treasury offering, called OUSG, which uses BlackRock's token as a reserve asset.

#mantra It can go up a lot!!!