Franklin Templeton brings it Ounchin’s US government fund fund (FOBXX) to Solana Blockchain, the latest sign of the glory network of assets in the real world (RWAS).
This step makes the third largest market for a distinctive symbol on a preferred platform to issue a new distinctive symbol and decentralized trading on the costs of low transactions and rapid productivity.
Fobxx, with a market value of $ 594 million, according to rwa.xyz Data can already be accessed on Ethereum, Coinbase, APTOS, and Avalanche, all of which were added last year. Stellar works as the Blockchain basic power of the box.
Fund paths Hashnote short -term paths of return (USC) and the BLAICKK (Buidl) in Blackrock (Buidl) in the market size, with the first use as a guarantee of the usual and last protocol issued by the largest asset manager in the world.
The growing emergence
While Ethereum is currently dominating the distinctive symbol – decentralized financing – a 52 % market landscape representing $ 3.8 billion from the distinctive RWAS, Solana is gaining rapidly traction.
The data shows that the network has gained adoption not only on decentralized financing applications, but also among the assets of assets in the real world. She received support from Franklin Templeton last month.
Solana is currently ranked seventh in the total value of RWAS, at $ 135 million, according to the available data. However, the Franklin Timbelton move follows the expansion of Securitize for its shows, including Blackrock’s Buidl, to Solana in January, indicating an increasing institutional interest.
The founder of Skybridge Anthony Scrameschi, talks about Interview with CNBCSolana’s speed and efficiency, and expected it to “win the race” in the distinctive symbol square. The expansion of Fobxx to Solana enhances the position of the network as a major competitor in the sophisticated rapid financing world.
