Franklin Templeton has expanded the OnChain US government money market fund to Ethereum

On November 14, Franklin Dumptun has expanded its OnChain US Government Money Market Fund (FOBXX) trading to Ethereum.

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

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