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What will be Arbitrum's rank by TVL among layer-2 solutions at the end of 2024?
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Franklin Templeton Expands $420M FOBXX Fund to Arbitrum, Market Cap Up 27%
Aug 8, 2024, 01:01 PM
Franklin Templeton, a major Wall Street financial institution, has expanded its $420 million tokenized money market fund to Arbitrum, a layer-2 network of Ethereum. The fund, known as the on-chain U.S. Government Money Fund, is now available on the Arbitrum platform and the BENJI platform, marking the third blockchain on which the fund is accessible. This expansion comes amid a significant increase in the market capitalization of Franklin Templeton's FOBXX fund, which has risen nearly 27% this year, reflecting a growing interest in tokenized treasuries.
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