Franklin Templeton announced on 12 February that her tokenized money fund, “Franklin Onchain US Government Money Fund” (Fobxx), was used on Solana – The fund is now available on eight different blockchains.
According to the website of Franklin Templeton, the FOBXX invests 99.5% of its total assets in US government effects, cash and return agreements that are fully collateral by US government effects or contact. It offers an annual percentage yield of 4.55% (APY).
A tokenized money fund is a real-world fund whose shares are digitally spent on a blockchain, giving it a secondary market without downtime.
The market capitalization of FOBXX was almost $ 594 million from 11 February, making it the third largest money fund with tokenized shares. The fund has 544 holders, an increase of 2.5% in the last 30 days.
The smallest amount of FOBXX is available on APTOS, a total of $ 21.4 million. As a result, the Fobxx integration on Solana could give the tokenized money fund ecosystem of the network a much needed boost.
From 11 February, almost $ 136 million in tokenized shares were spent on Solana, less than 4% of the market capitalization of the sector.
More than $ 3.5 billion
The Tokenized Geldfonds sector had a significant growth of 415% in 2024, which ended the year with a market capitalization of almost $ 4 billion. The all -time industry was almost $ 4.2 billion, registered on January 7.
From 11 February, the market capitalization of the Tokenized Money Fund was $ 3.6 billion, about 15% compared from its peak. Nevertheless, it was still more than four times larger than the market capitalization that was registered on the same date last year.
Ethereum dominates the market and organizes more than $ 2.4 billion in tokenized shares. The second largest network is fantastic, with nearly $ 380 million in stock versions for digital money funds. This is mainly due to the $ 372 million Fobxx spent in the network.
In addition to Ethereum and Stellar, none of the other 13 block chains that were followed by RWA.XYZ reached the $ 150 million in Tokenized Geldfonds threshold.
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