-Franklin Templeton has expanded its online U.S. public financial market fund (FOBXX) trading on the Ethereum blockchain to expand its presence on the tokenized asset networ
k.Launched in 2021 as the first money market fund to track transactions and ownership using the public #blockchain , the $441,000 fund is now the third-largest tokenized money market fund.
the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) leads the way with a $54,500 million return, while the Ondo USD fund (USD return) leads the way with a $45,200 million return.
asset managers are actively expanding their fund's blockchain support, recently adding networks based on Coinbase, Aptos and Avalanche to keep #Stellar as the main public blockchain.
Yesterday, BlackRock expanded its Buidl fund to include blockchain networks such as Aptos, Arbitram, Avalanche, OP Mainnet of Optimism and Polygon.
#Ethereum currently dominates the Treasury market with 1.6 billion yen in tokenized assets, ahead of Stellar (XLM) and Solana (SOL).
According to Rwa data, about 71% of the tokenized assets under Treasury management (AUM) belong to Ethereum, followed by Stellar (17%) and Solana (5.8%). Data from xyz.
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