Franklin Templeton FOBXX tokenized money fund goes live on Solana

Franklin Templeton FOBXX tokenized money fund goes live on Solana
фото показано с : cryptoslate.com

2025-2-13 02:05

Franklin Templeton announced on Feb. 12 that its tokenized money fund, “Franklin OnChain US Government Money Fund” (FOBXX), was deployed on Solana — the fund is now available on eight different blockchains.

According to Franklin Templeton’s website, the FOBXX invests 99.5% of its total assets in US government securities, cash, and repurchase agreements fully collateralized by US government securities or cash. It offers a 4.55% annual percentage yield (APY).

A tokenized money fund is a real-world fund whose shares are digitally issued on a blockchain, giving it a secondary market with no downtime. 

FOBXX’s market cap was nearly $594 million as of Feb. 11, making it the third-largest money fund with tokenized shares. The fund has 544 holders, a 2.5% increase over the past 30 days.

The smallest amount of FOBXX is available on Aptos, totaling $21.4 million. As a result, the FOBXX integration on Solana could give the network’s tokenized money fund ecosystem a much-needed boost. 

As of Feb. 11, nearly $136 million in tokenized shares had been issued on Solana, less than 4% of the sector’s market cap.

Over $3.5 billion

The tokenized money fund sector experienced significant growth of 415% in 2024, closing the year with a market cap of nearly $4 billion. The industry’s all-time high was almost $4.2 billion, registered on Jan. 7.

As of Feb. 11, the tokenized money fund market cap was $3.6 billion, roughly 15% down from its peak. Nevertheless, it was still over four times larger than the market cap registered on the same date last year.

Ethereum dominates the market, hosting over $2.4 billion in tokenized shares. The second-largest network is Stellar, with nearly $380 million in digital money fund share versions. This is mainly due to the $372 million of FOBXX issued in the network.

Besides Ethereum and Stellar, none of the other 13 blockchains tracked by rwa.xyz reached the $150 million in tokenized money fund shares threshold.

The post Franklin Templeton FOBXX tokenized money fund goes live on Solana appeared first on CryptoSlate.

origin »

Smart Investment Fund Token (SIFT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SIFT

fund money franklin fobxx solana templeton tokenized

Источник: cryptoslate.com

fund money → Результатов: 126


Taking A Look At The Biggest Crypto Hedge Funds and How They are Boosting Bitcoin Adoption

Hedge funds are one of the most popular choices for risk-averse investors and rely on the fund’s visionary founder and teams of analysts to guide their money in the right direction. Bitcoin remains a small percentage of the hedge fund industry, but even the oldest and most established funds can see what’s coming. PWC estimates […]

2019-8-17 18:38


Protests in Moscow and flipping out on Navalny and on bitcoin (BTC)

In connection with the mass protests in Moscow due to the opposition not allowed to take part in municipal parliament of Moscow election (Moscow City Duma), the Investigative Committee of Russia opened a criminal case on money laundering by the Anti-Corruption Fund (FBK) of Alexei Navalny, the most famous of opposition politicians. According to the […]

2019-8-5 14:52


Фото:

Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide

Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates, for using crypto ATMs to fund drug traffickers in […] The post Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide appeared first on Bitcoin News.

2019-7-16 16:00


Monopoly-Styled EOS Blockchain-Based Digital Property-Trading Game Uplandme Raises $2 Million

Monopoly-Styled Blockchain Game Raises $2 Million Upland, a blockchain-based property game inspired by Monopoly, was able to convince investors to give $2 million USD in order to fund the project. FinLab EOS VC Fund was the lead investor of the round, which gave the combined amount of money to Uplandme, the company that is creating […]

2019-6-14 00:44


Фото:

Op Ed: Debunking Bitcoin Myths: ‘It’s a Ponzi Scheme’

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.

2019-6-4 19:03


Craig Wright accuses Binance and Tether of funding prostitution and slavery, community backlash ensues

Craig Wright, the controversial Bitcoin SV creator claiming to be Satoshi Nakamoto, accused crypto exchange Binance and stablecoin company Tether of funding prostitution and slavery. During the CoinGeek conference in Toronto, Wright said that 30 percent of “Binance and Tether money” is used to fund illegal operations such as prostitution and women in slavery.

2019-6-3 08:16


Binance CEO Swats ‘Stupid’ Bitcoin SV Craig Wright’s Shocking Slavery and Prostitution Claims

  By CCN: Self-proclaimed Satoshi Nakamoto, Craig Wright, just took his ongoing Bitcoin takeover gambit to the next level. Speaking at a CoinGeek conference in Toronto, Wright claimed that money from major cryptocurrency institutions like Binance, Bitfinex and Tether was being used to fund slavery and prostitution.

2019-5-31 14:30


Фото:

Legendary Investor Mark Mobius Now Says Bitcoin Has a Future After All

Veteran investor Mark Mobius publicly announced he had U-turned on Bitcoin May 15 as cryptocurrency markets continue to boom. Mobius: Bitcoin Can ‘Transfer Money Easily And Confidentially’ In a fresh interview with Bloomberg, the emerging markets fund manager and founder of Mobius Capital Partners said he saw a global appetite for Bitcoin in particular – and that this would continue.

2019-5-16 15:30


Only an Idiot Would Use Facebook’s Shady Cryptocurrency

By CCN. com: In its neverending conquest to take over the world, Facebook is building a network of online merchants and financial institutions to support its secretive new cryptocurrency. The Wall Street Journal reports that Mark Zuckerberg’s war machine is looking for $1 billion to fund the secretive stablecoin project, Project Libra, and is talking with heavyweights like Visa and Mastercard to get that cash.

2019-5-5 21:15


IMF Spring Meeting on “Money and Payments in the Digital Age” Says Crypto Payments Inevitable

According to a recent report by the Financial Times, the International Monetary Fund (IMF) and the World Bank are launching their own permission blockchain and a token called “learning coin.” The purpose of these tools will be to study the application of blockchain and cryptocurrency technology. As the report pointed out, the coin was developed […]

2019-4-24 19:20


Фото:

Nobody Shills Bitcoin Quite Like The International Monetary Fund (IMF)

The International Monetary Fund (IMF) may have accidentally delivered its biggest advertisement for Bitcoin yet as it argues for negative interest rates. Bitcoin Proponents Thank IMF… Again Retweeting a blog post from February this year, the financial organization reiterated its faith in central banks increasing negative interest rates – essentially taxes on using money.

2019-4-22 21:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

BlackRock adds Bitcoin exposure to model portfolio via IBIT

BlackRock incorporated Bitcoin (BTC) into its $150 billion model-portfolio offerings through its iShares Bitcoin Trust ETF (IBIT) exchange-traded fund (ETF), Bloomberg News reported on Feb. 28.   The asset manager has assigned 1% to 2% of its target allocation portfolios to IBIT.

Robinhood CEO warns US risks losing financial edge without tokenization clarity

Robinhood CEO Vlad Tenev warned that the US could lose its competitive edge in financial markets if regulators fail to provide clear rules for tokenized securities. In a Jan. 28 op-ed for The Washington Post, Tenev argued that blockchain-based financial assets could broaden investment opportunities, allowing retail investors to participate in the early growth of […] The post Robinhood CEO warns US risks losing financial edge without tokenization clarity appeared first on CryptoSlate.