Franklin Templeton’s FOBXX is the first money market fund to be launched on Aptos.
Aptos Foundation and global asset management giant Franklin Templeton have announced the integration of the Franklin OnChain US Government Money Fund (FOBXX) on the Aptos blockchain.
Powered by the Move programming language, Aptos’ layer-1 blockchain will now support the Treasury-backed fund, integrating real-world assets in non-Ethereum Virtual Machine (EVM) blockchain environments.
The money market fund primarily invests in US government securities, cash and repurchase agreements collateralized by government securities. At the time of writing, it has surpassed over $427.95 million in assets under management.
