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Franklin Templeton’s Onchain Money Market Fund Launches on Aptos

Twitter icon  •  Published 2 months ago on October 3, 2024  •  Hassan Maishera

On Wednesday, Aptos Labs announced via X that the Franklin OnChain U.S. Government Money Fund (FOBXX) has launched on the Aptos blockchain.

Franklin Templeton’s Onchain Money Market Fund Launches on Aptos

On Wednesday, Aptos Labs announced via X that the Franklin OnChain U.S. Government Money Fund (FOBXX) has launched on the Aptos blockchain. FOBXX is represented by the BENJI token, with the fund previously launched on Stellar, Polygon, Arbitrum, and Avalanche.

OBXX on Aptos claims to have already received over $20 million in subscriptions upon launch. This integration represents a key milestone in merging TradFi with decentralized technology, further positioning Aptos as the leading network for secure, performant, and interoperable financial solutions.

Aptos is a scalable layer-1 blockchain based on the Move programming language. APT is the project's native token. APT is up 8%, trading at $8.24 per coin.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.