The fund is already available on several other blockchains, including most recently Base, Aptos, and Avalanche.The asset manager has added a series of new blockchains to support the fund this year, including, most recently, Coinbase’s
FOBXX launched in 2021, becoming the first money market fund to use a public blockchain to track transactions and ownership. It currently stands at a $410 million market cap, making it the third-largest tokenized money market fund. BlackRock’s USD Institutional Digital Liquidity Fund moved to the top of the list just six weeks after its launch in lateIt currently stands at $545 million, while the second largest fund, Ondo’s U.S. Dollar Yield , is at $452 million.
Among issuers, Ethereum is by far the top choice to issue shares of tokenized treasuries, with the largest blockchain handling over $1.6 billion of assets, followed by Stellarin April, argued that Ethereum is “meaningfully decentralized and credibly neutral for network participants, likely a requirement for any global platform for tokenized assets” and, therefore, has the best chances among smart contracts to benefit from tokenization..