{"id":38828,"date":"2024-10-02T18:50:41","date_gmt":"2024-10-02T18:50:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/franklin-templeton-launches-its-tokenized-money-fund-on-aptos\/"},"modified":"2024-10-02T18:50:41","modified_gmt":"2024-10-02T18:50:41","slug":"franklin-templeton-launches-its-tokenized-money-fund-on-aptos","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/franklin-templeton-launches-its-tokenized-money-fund-on-aptos\/","title":{"rendered":"Franklin Templeton launches its tokenized money fund on Aptos"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1666368712078-b4d21873-b168-4322-951c-8f4cae2b9dda-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1666368712078-b4d21873-b168-4322-951c-8f4cae2b9dda-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1666368712078-b4d21873-b168-4322-951c-8f4cae2b9dda-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1666368712078-b4d21873-b168-4322-951c-8f4cae2b9dda-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Franklin Templeton has launched the OnChain U.S. Government Money Fund (FOBXX) on Aptos.<\/li>\n<li>FOBXX currently has a market cap of over $435 million, second among tokenized US Treasuries behind BlackRock fund BUIDL.<\/li>\n<\/ul>\n<p>Franklin Templeton has expanded its OnChain U.S. Government Money Fund (FOBXX) to the layer-1 blockchain Aptos.<\/p>\n<p>The $1.6 trillion asset manager, which also offers the Franklin Bitcoin ETF (EZBC) and Franklin Ethereum ETF (EZET), <a href=\"https:\/\/x.com\/FTI_DA\/status\/1841463821296115789\" target=\"_blank\" rel=\"noopener\">announced<\/a> the launch of FOBXX on Aptos on Wednesday, October 2, 2024. It\u2019s another milestone for the company after its recent expansion of the tokenized money fund to Avalanche.<\/p>\n<p>FOBXX launched in 2021 and is a US Treasury-backed fund that brings the benefits of tokenized real-world assets to investors.<\/p>\n<p>With its expansion to Aptos, the fund has expanded to a non-Ethereum Virtual Machine (EVM) and adds to institutional investor access through Franklin Templeton\u2019s platform Benji Investments.<\/p>\n<p>FOBXX will be represented by Franklin\u2019s BENJI token on the Aptos network, helping to merge traditional finance (TradFi) and decentralised finance (DeFi). Franklin brought its money market fund <a href=\"https:\/\/coinjournal.net\/news\/franklin-templeton-tokenizes-fund-on-polygon-and-stellar-for-p2p-transfers\/\">to Polygon and Stellar blockchain networks<\/a> in April 2024.<\/p>\n<p>The firm then <a href=\"https:\/\/coinjournal.net\/news\/franklin-templeton-expands-tokenized-fund-to-arbitrum\/\">expanded it to Arbitrum<\/a> in August 2024.<\/p>\n<h2>Tokenized treasuries market growth<\/h2>\n<p>According to data from <a href=\"https:\/\/app.rwa.xyz\/treasuries\" target=\"_blank\" rel=\"noopener\">RWA.xyz<\/a>, FOBXX is currently the second largest tokenized fund with over $435 million in assets.<\/p>\n<p>The top US Treasury-backed asset is the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which launched on Ethereum and currently has over $518 million in assets under management.<\/p>\n<p>Investors have increasingly looked to tap into opportunities in the RWA market. This has seen treasury-related products such as the Ondo U.S. Dollar Yield (USDY), Hashnote Short Duration Yield Coin (USYC) and OpenEden TBILL Vault (TBILL) attract a growing number of holders.<\/p>\n<p>USDY, USYC and TBILL have market caps of $420 million, $280 million and $116 million respectively. Ondo <a href=\"https:\/\/coinjournal.net\/news\/ondo-usdy-treasuries-token-now-available-on-sui\/\">launched its USDY fund on Sui<\/a> in March.<\/p>\n<p>Meanwhile, the total value of tokenized US treasuries, cash-equivalents and bonds, per RWA.xyz, has grown to over $2.27 billion.<\/p>\n<p>That\u2019s up from around $769 million on January 1, 2024, when FOBXX incidentally accounted for over $325 million of the total market value.<\/p>\n<p>BlackRock\u2019s BUIDL launched in March 2024 and <a href=\"https:\/\/coinjournal.net\/news\/blackrocks-buidl-fund-surpasses-500-million\/\">hit $500 million<\/a> market cap in July.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/franklin-templeton-launches-its-tokenized-money-fund-on-aptos\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Franklin Templeton has launched the OnChain U.S. Government Money Fund (FOBXX) on Aptos. FOBXX currently has a market cap of over $435 million, second among tokenized US Treasuries behind BlackRock fund BUIDL. Franklin Templeton has expanded its OnChain U.S. Government Money [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":38829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38828"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38828"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38829"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}