The $1.5 trillion asset management giant Franklin Templeton has just expanded its FOBXX fund to Layer-1 Aptos.
The FOBXX fund is currently ranked 2nd in the government securities tokenization sector, accounting for more than 20% of the market share representing $420M in assets, just behind BlackRock's BUIDL fund with more than $520M.
FOBXX with the BENJI token has expanded to many blockchains such as Stellar, Polygon, Arbitrum and Avalanche. Choosing Aptos is a strategic move by Franklin Templeton to connect traditional assets with DeFi on non-EVM blockchains, expanding its scope of operations across many different platforms.
