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.

ChainCatcher message, based on data from the RWA monitoring platform RWA.xyz, as of August 15, the market size of tokenized U.S. Treasury bonds has surpassed $1.9 billion, currently at $1.92 billion; it has increased by $110 million since July 9, 2024, rising 6.08% in about five weeks. Among them, the FOBXX fund from Franklin Templeton has a size of $843 million, surpassing BlackRock's BUIDL fund ($517 million).In addition, the market capitalization of U.S. Treasury bond tokens on the Ethereum chain is approximately $1.4 billion, ranking first among all networks, followed by Stellar (approximately $430 million).