Shares of Franklin OnChain US Government Money Fund (FOBXX) became available on the Aptos blockchain. The money fund is the first to be available to Aptos users, expanding its presence beyond the Ethereum ecosystem.
Franklin Templeton’s FOBXX investment fund became available on the Aptos blockchain, with users able to mint, store, and trade the BENJI token, an on-chain equivalent of FOBXX.
Aptos was the first blockchain to make FOBXX available beyond the Ethereum ecosystem. Aptos runs on the Move programming language, using the Move Virtual Machine (MVM) as its technological foundation. According to Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation, the integration of Benji Investments’ platform with Aptos is a huge step towards a truly decentralized and accessible financial future where the TradFi and DeFi ecosystems work as one.
The launch of FOBXX on the Aptos network expands the availability of the fund to five blockchains. In addition to Aptos, the Franklin Templeton fund is also available on L2 networks of the Ethereum ecosystem, including Arbitrum, Stellar, Polygon, and Avalanche. The fund has more than $427.95 million in AUM.
The market for tokenized U.S. Treasury bonds is actively developing, exceeding $1 billion in 2024. According to analysts’ forecasts, the market volume may reach $3 billion by the end of the year.
