The Rising Popularity of Tokenized Funds: Still Untapped Market Potential

The largest player in this field is Franklin Templeton, a traditional financial institution. OnChain’s US Government Money Fund, FOBXX, was established in April 2021. The fund invests 99.5% of its total assets in US government securities, cash, and repurchase agreements fully collateralized by US government securities or cash. FOBXX was initially launched on the Stellar blockchain and expanded to Polygon in April 2023. It may also be issued on Avalanche and Aptos blockchains, as well as the Ethereum Layer 2 solution Arbitrum.