Major Companies Expand RWA Token Operations on the Ethereum Network

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Cryptocurrency markets remain a focal point for trillion-dollar asset managers. A recent announcement is highly significant for ETH. As the leading network preferred by major companies in the RWA sector, Ethereum aims to achieve substantial gains in this area, potentially reaching a market size of trillions in the long run.

Bitcoin ‘s price has consolidated near its peak after surpassing 90,000 dollars and hitting an all-time high. According to the latest announcement, Franklin Templeton has expanded its RWA token operations to the Ethereum network. This year, the FOBXX Token has announced support for several networks, including Base, Aptos, and Avalanche.

The FOBXX token, part of the U.S. Government Money Market Fund, operates on the blockchain and launched in 2021. Currently, it ranks as the third-largest tokenized money market fund, with a market size of 429 million dollars. Meanwhile, BlackRock’s USD Corporate Digital Liquidity Fund (BUIDL), initiated just in March, stands at the top with 545 million dollars.