Franklin Templeton Expands $410M Money Market Fund to Ethereum Blockchain
Franklin Templeton has expanded the trading of its OnChain U.S. Government Money Market Fund to the largest blockchain, Ethereum.
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Copper to Offer Custody Services for Tokenized Money Market Funds Such as BlackRock’s BUIDL
The crypto custodian’s clients can use money market fund tokens as collateral in derivatives trades after the company received approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi.
Tokenized Treasuries Like Blackrock’s BUIDL Will Challenge Stablecoins But Won’t Fully Replace Them: JPMorgan
These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.
Tokenized Treasury Funds Pass $2B Market Cap Amid BlackRock’s Explosive Growth
Less than five months after hitting $1 billion in market capitalization, tokenized Treasury notes have doubled in size again, crossing the $2 billion level on Saturday, according to data from RWA.xyz.
BlackRock’s $500M Tokenized Fund Pitches for Ethena’s RWA Investment Plan
Ethena’s proposal to allocate funds to tokenized real-world assets for yield follows similar actions by crypto lender MakerDAO and Ethereum layer-2 Arbitrum’s development organization.
BlackRock’s Tokenized Fund Quickly Rakes in $245M, Right Behind Franklin Templeton’s Older Offering
The tokenized U.S. Treasury market is poised to reach $1 billion “very soon” given the growth of BlackRock’s BUIDL, an analyst noted.