Franklin Templeton has expanded the trading of its OnChain U.S. Government Money Market Fund (FOBXX) to Ethereum, making it available on the second largest blockchain by market cap. This move comes after the fund was made accessible on other blockchains such as Base, Aptos, and Avalanche. FOBXX is the first money market fund to use a public blockchain for tracking transactions and ownership. With a market cap of $410 million, it is currently the third-largest tokenized money market fund. Ethereum is the preferred choice among issuers for issuing shares of tokenized treasuries, with over $1.6 billion of assets being handled on the blockchain.



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