Franklin Templeton has officially expanded her token money market fund to Solana.
Asset manager, whose crypto traction includes the launch of spot bitcoin and atherium exchange-traded funds, now offers its Franklin onchen onchen US Government Fund on Solana (Sol).
Description Posted Franklin Templeton indicates on X through Digital Asset Account that the firm has unlocked a new blockchain for Benji, a platform that allows users to invest in Fobxx.
After the previous expansion of Aptos, Etreum, Avalanche, Artherum, Base, and Polygon, Solankin is the latest blockchain network to support Franklin’s token money market funds. The fund was initially launched on the staller.
At least 99.5% fobxx assets are invested in the securities, cash and repair agreements of the US government, in which the fund maintains a stable $ 1 share price.
With this expansion, Franklin is included in Blackrock, Hashanote, Ondo, and OpenDen, among others, adopting a multi-chain approach to token treasury assets. Blackrock’s Buidl is available on OP Mainnet of Aptos, Award, Avalanche and Aptimism, while Ondo’s usdy is live on solana, mental, atherium and Aptos in other series.
Between this tokening boom, the assets supported by the American Treasury have exceeded $ 3.6 billion. Short -term yield notes of Hashanuts currently lead to the market with a $ 1.1 billion market cap.
Buidl and Fobxx are second and third with more than $ 636 million and more than $ 593 million respectively. As rwa.xyzOndo’s USDY is fourth with $ 383 million.
The increase in tokens of real-world assets has increased the speed along with increasing demand for StableCoins, American Treasury Loans, Private Credit and Institutional Funds. On-chain interest has also expanded to corporate bonds, stocks and goods.
The RWA on-chain market cap is currently more than $ 17.2 billion, with RWA.XYZ data outgoing 110 assets in space.
