Franklin Templeton made the Onchain US Government Money Market Fund .
Ethereum funds, Coinbase, Aptos and Avalanche base, are available to be available, all of which was added last year. The stellar network works as the main blockchain. The asset manager Expansion is revealed On Wednesday.
Solana appeared as the leading place for new tokens (most memecoins) and decentralized trade. It now costs more than 90% of all new tokens that appear in Decentralized exchange (DEX), according to a Pantera Capital report. That was from 1% to late 2023.
“Although the change does not begin in Solana, it will eventually encounter there,” Cosmo Jiang and Eric Wallach wrote in the report.
Fobxx, which began in 2021, grew to a $ 594 million market capitalization, according to RWA.xyx’s data. It was caught behind the short period of Hashnote (Usyc) and USD Institutional Digital Liquidity Fund (BUIDL) of Blackrock.
Tokenization is one of the fastest growing sectors in the adoption of crypto while institutions are increasingly carrying traditional financial properties such as bonds, goods and funds to the blockchain economy for better operation and faster to settle. This is an opportunity in the multitrillion dollar market, reports from BCG, McKinsey and Brevan Howard have a forecast.
Solana picks up the steam
The Smart-Contract Network Ethereum leads to ecosystem for tokenization efforts with a 52% distribution market representing $ 3.8 billion worth of tokenized real-world assets. This is followed by the Ethereum Layer-2 ZKSYNC ERA, displayed RWA.xyz data. Solana, at $ 135 million, is seven.
Franklin Templeton’s expansion of Solana is the latest sign of increased network interest for tokenization efforts. The real-world asset securitize platform expanded its offerings, including Buidl, to the network in late January.
Anthony Scaramucci, the founder and governing partner of the Hedge Fund Skybridge, in an interview on Tuesday defined Solana’s speed and efficiency, saying it was “winning the career” in the world of tokenization.
