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Franklin Templeton Funds Token Effort, Expands $410M to Ethereum Blockchain

  • Franklin Templeton’s OnChain U.S. Government Money Market Fund (FOBXX) has expanded to Ethereum blockchain.
  • FOBXX is currently the third-largest tokenised money market fund by market cap, at US$410 million.
  • The fund's expansion to Ethereum aims to provide more investors with access to the fund and enhance liquidity.
  • Ethereum is considered a preferred network for tokenised treasuries, with over US$1.6 billion in tokenised assets.

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