cryptojournalist
Franklin Templeton has launched its tokenized U.S. government money fund, FOBXX, on Base, Coinbase’s layer-2 blockchain. This makes FOBXX the first tokenized fund available on Base.
Expanding FOBXX on Blockchain
Originally launched in 2021, FOBXX has already been issued on other blockchains like Stellar, Polygon, and Arbitrum, making it available to more digital investors.
Tokenized Funds on the Rise
Recently, on October 30, Libeara and FundBridge Capital introduced a tokenized U.S. Treasuries fund on a public blockchain. Earlier in May, BlackRock’s USD Institutional Digital Liquidity Fund became the largest tokenized treasury fund, even surpassing Franklin Templeton’s offering.
