Franklin Templeton has launched its blockchain-based money market fund, FOBXX, on Arbitrum, expanding its accessibility to retail. This Nasdaq-listed fund, which invests primarily in U.S. government securities, is part of Franklin Templeton’s broader strategy to meet growing demand for tokenized RWA funds. Previously available on the Stellar and Polygon networks, FOBXX’s debut on Arbitrum underscores the firm's commitment to leveraging secure and scalable blockchain networks. The launch comes as the market for tokenized treasury assets has seen significant growth, with the fund holding approximately $420 million in assets as of July 2024. Source: Decrypt