Ethereum

Token

Franklin

Major

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/major-companies-expand-rwa-token-operations-on-the-ethereum-network/" data-wpel-link="internal">Major Companies Expand RWA Token Operations on the Ethereum Network</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> 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.</p> 
<h2 style="text-align: justify" id="latest-updates-on-ethereum">Latest Updates on Ethereum</h2> 
<p style="text-align: justify">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 <a href="https://en.coin-turk.com/shiba-inu-prepares-for-new-developments-shibarium-on-the-horizon/" data-wpel-link="internal">token</a> operations to the Ethereum network. This year, the <strong>FOBXX Token</strong> has announced support for several networks, including Base, Aptos, and <a href="https://en.coin-turk.com/avalanche-drops-the-bomb-popular-altcoin-focuses-on-long-term-goals/" data-wpel-link="internal">Avalanche</a>.</p> 
<h2 style="text-align: justify" id="fobxx-token-s-position-in-the-market">FOBXX Token’s Position in the Market</h2> 
<p style="text-align: justify">The FOBXX token, part of the U.S. Government Money Market Fund, operates on the <a href="https://en.coin-turk.com/hacker-breaches-holographs-protocol-and-mints-1-billion-tokens/" data-wpel-link="internal">blockchain</a> 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.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-406783 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/fobxx.png" alt="" width="1575" height="550"></p> 
<p style="text-align: justify">The launch of RWA tokens on the Ethereum network by major banks, financial companies, and asset managers is an encouraging sign for the long-term growth of ETH.</p> 
<p>The post <a href="https://en.coin-turk.com/major-companies-expand-rwa-token-operations-on-the-ethereum-network/" data-wpel-link="internal">Major Companies Expand RWA Token Operations on the Ethereum Network</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Major Companies Expand RWA Token Operations on the Ethereum Network

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