Franklin Templeton Expands Tokenized Fund to Ethereum
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 14 2024Franklin Templeton's Blockchain Integration: Franklin Templeton has expanded its tokenized money market fund, the Franklin OnChain U.S. Government Money Fund (FOBXX), to the Ethereum blockchain, marking a significant step in merging traditional finance with blockchain technology and enhancing liquidity for tokenized government securities.
Market Impact of Tokenized Treasurys: The rise of tokenized Treasurys is evident, with total assets under management reaching $2.329 billion, where FOBXX holds 17.6% market share, highlighting Ethereum's dominance in this space and the growing interest in blockchain-based financial products.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
