BUILD

Franklin

Value

Base

Stellar

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/franklin-templeton-expands-tokenized-bonds-on-coinbases-layer-2-network/" data-wpel-link="internal">Franklin Templeton Expands Tokenized Bonds on Coinbase’s Layer 2 Network</a><br></p>
<p style="text-align: justify">As of the time of writing, Bitcoin has fallen to $70,800, prompting rapid sell-offs in the U.S. market. Altcoins, which have struggled to recover, have once again turned red. If closures remain below $71,500, the risk appetite among traders could significantly decline, accelerating the downtrend. However, there is good news for cryptocurrencies.</p> 
<h2 id="franklin-and-base">Franklin and Base</h2> 
<p style="text-align: justify">Franklin Templeton, a trillion-dollar asset manager, has broadened its tokenized bond offerings to a layer 2 network. The Wall Street giant has made the RWA asset FOBXX accessible on Coinbase’s layer 2 network, Base. The Base token operates on the sixth blockchain and is currently available on Arbitrum, <a href="https://en.coin-turk.com/polygon-matic-price-analysis-bearish-pressure-and-bullish-expectations/" data-wpel-link="internal">Polygon</a>, <a href="https://en.coin-turk.com/avalanches-remarkable-transformation-a-premonition-of-an-upcoming-rally/" data-wpel-link="internal">Avalanche</a>, Aptos, and <a href="https://en.coin-turk.com/investors-expect-stellar-xlm-price-to-rise/" data-wpel-link="internal">Stellar</a> networks.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class=" wp-image-402437 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/franklin-fobxx.png" alt="" width="888" height="496"></p> 
<p style="text-align: justify">Anthony Bassili, head of tokenization at Coinbase, stated, “This is the first major asset manager to launch directly on Base, signaling clearly what investors and issuers can expect.” The fund launched on the Ethereum network has reached a size of $410 million to date, with market value increasing due to rising demand. Franklin competes in this area with BlackRock’s BUILD fund, which is expected to achieve massive market valuations and contribute to the Ethereum network over the years.</p> 
<h2 id="base-network">Base Network</h2> 
<p style="text-align: justify">Launched by Coinbase in 2022, the Base network was a step to diversify the exchange’s revenue. Competitors like Kraken are now following suit. The success of the Base network is becoming more prominent as its Total Value Locked (TVL) surpasses that of other networks. According to L2Beat data, it is only behind Arbitrum, with total locked value exceeding $8 billion.</p> 
<p style="text-align: justify">The number of active users on the Base network is increasing daily, with transactions growing by 55% in the last quarter compared to the second quarter of 2024. It is evident how far crypto has come in terms of institutional adoption, with giants like Franklin distributing their tokenized funds across various networks.</p> 
<p style="text-align: justify">However, it is important to recognize that such positive news holds little significance for short-term market performance. At the time of writing, BTC is making new lows, dropping to $70,624, leading to a challenging evening for altcoins.</p> 
<p>The post <a href="https://en.coin-turk.com/franklin-templeton-expands-tokenized-bonds-on-coinbases-layer-2-network/" data-wpel-link="internal">Franklin Templeton Expands Tokenized Bonds on Coinbase’s Layer 2 Network</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Franklin Templeton Expands Tokenized Bonds on Coinbase’s Layer 2 Network

Table of Contents

COINTURK NEWS

Other articles published on Oct 31, 2024

Top Altcoins That May Trigger A Strong AltSeason After Bitcoin Dominance Drops—Do You Own Some?

Tether Reveals Company Asset Reserves Amid Scrutiny

Dogecoin’s breakout from 3-year channel signals 500% rally potential in 2025

The BRICS Mine Bitcoins

Crypto: An Imminent Return Of Buyers For Cardano? Technical Analysis Of October 31, 2024

Price Recovery in Sight! This Altcoin Brings Hope to Investors with New Addresses and Rising TVL

Join our free newsletter for daily crypto updates!