Franklin Templeton has expanded the OnChain U.S. Government Money Market Fund to Ethereum

ChainCatcher news, Franklin Templeton has expanded trading of its OnChain U.S. Government Money Market Fund (FOBXX) to Ethereum.

The asset management company has added a range of new blockchains to support the fund this year, including the recent Coinbase's Base, Aptos, and Avalanche. It uses the Stellar network as its primary public blockchain.

FOBXX was launched in 2021, becoming the first money market fund to use a public blockchain to track transactions and ownership. Currently, its market capitalization is $410 million, making it the third-largest tokenized money market fund.