Franklin Templeton Launches FOBXX on Solana
Asset Manager Franklin Templeton Solana ((sol) Blockchain.
Franklin Templeton, with $1.6 trillion in managed assets, announced the news on February 12, marking the latest expansion of FOBXX to another blockchain.
Franklin Templeton introduces FOBXX on Solana
FOBXX Fund was established in 2021 and now has the third largest position Tokenized money market fundsaccording to rwa.xyz. Additionally, it has recently reached a new milestone close to the total asset value $600 million.
It is worth noting that FOBXX is the first mutual fund in the world to use blockchain technology to process transactions and record ownership of shares. Each share of the fund is represented by Benjie Token.
Prior to Solana, the fund was available Arbitrator (ARB)the foundation of Coinbase, Polygons (POL),,,,, Ethereum (ETH),,,,, Avalanche (AVX)and aptos(apt). also, Stars (XLM) Used as the main blockchain for FOBXX.
“New chain unlocked. Benji lives in Solana now! Solana postal.
Franklin Templeton is positioning It’s in more and more queues Real-world assets (RWAS) Release on Solana. These include private credit funds from LibreCapital, government bonds from Etherfuse, real estate assets from Metawealth, and commodities from Dvin Labs and Baxus.
Except RWAFranklin Templeton has been expanding its business in the crypto market. It launched Bitcoin (BTC) and Ethereum Exchange of Trade Funds (ETFs) last year. Asset managers are also seeking SEC approval for crypto index ETFs. In addition, February 10 Registered Based on Delaware’s Trust Tied with solana ETF.
Meanwhile, the RWA industry has grown significantly, becoming the best performing industry in early 2025. The industry has grown 10.0% (YTD) 10.0% in the past month, a significant increase of 27.3%.
In fact, the wider market is facing corrections and volatility Due to macroeconomic factors, including Donald Trump’s tariff collectionRWA stands out. The industry’s total value lock-in (TVL) has reached an all-time high (ATH). At press time, TVL’s price was $8.65 billion, according to defill.
While the current growth looks promising, future forecasts are more optimistic. recent Report go through Safety Token Market (STM.CO) Predicted Tokenization RWA will reach $30 trillion by 2030. In a bullish situation, this number could increase to $50 trillion.
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