Fobxx is Native of Stellar and has expanded to Ethereum, Aptos, Base and Avalanche. The RWA tokenization industry is rapidly growing. The investment company Franklin Templeton has integrated its fund called Ochain Us Government Money Fund (Fobxx) in the Red Solana. So far, this only operated in the Ethereum, Avalanche, Polygon, Base, Arbitra, Aptum and Stellar networks. Therefore, Solana joins the eighth network where this instrument works. «Solana is a fast, safe and resistant layer blockchain that encourages global adoption through its open infrastructure,» said Franklin Templeton in the announcement. This was published on February 12, 2025. Fobxx is a tokenized fund created four years ago that invests in values of the United States government, effective and repurchase agreements. Each action of this instrument is represented by a token whose ticket is Benji. In this way, it provides exposure to the treasure of the main economic power to global investors. Currently handling 593 million dollars (USD), Fobxx is the third largest fund in the Tokenized Treasury Bond market. As seen below, there are Blackrock USD Digital Liquidity Fund (Buidl) with USD 642 million and hashnote shorts Duration Yield Coin (USYC) with USD 1,147 million.
Tokenized treasure bonds that have greater capitalization. Source: Rwa.xyz.
There is more and more demand for tokenized bonds
Fobxx capitalization has been growing in a sustained way in the last two years, as can be seen in the following graph. Currently, 62% of the assets of this fund are in Stellar, the network where it worked for the first time.
This fund is part of what is known as real world assets (RWA, for its acronym in English), a market that, as cryptoics reported, is rapidly growing. Tokenized bonds are the second largest niche in this sector, as can be seen in red below.
Main niches of Rwa. Source: Rwa.xyz. The RWA are tokens that follow the value of traditional assets, which allows their access to global level, since cryptoactive ones do not have geographical, banking or bank barrants.
The arrival of this multimillionaire fund with tokenized bonds to Solana reinforces the growing adoption that this network is experiencing. This has a total blocked value (TVL) of almost USD 9,000 million, which places it as the second largest network after Ethereum, according to defillma data. With regard to RWA, Solana anyway does not stand out as other networks. Managing a total of USD 135 million, it is located in number seven of those that have the most total value in these assets. Although, Solana's position in the RWA market could be benefited If you active as Fobxx, that join this network, attract demand.