Franklin Templeton’s Franklin OnChain U.S. Government Money Fund (FOBXX) reached a measured value of $56.10 million on the Arbitrum network as of October 24, 2024, making it the second-largest tokenized Treasury instrument there. The fund, available since August 2024, allows institutional investors to buy shares via BENJI tokens, each representing one share at $1.00 net asset value. FOBXX invests at least 99.5% of its assets in government securities or cash equivalents, and operates on a permissioned blockchain requiring approved wallets. The total value of eight tokenized Treasury instruments on Arbitrum was $273.31 million, with FOBXX trailing Spiko’s EUTBL, which held $161.24 million. This growth highlights increasing institutional interest in blockchain-based Treasury investments, though the data does not specify whether the increase was due to new subscriptions or transfers.
Franklin Templeton's BENJI Balance on Arbitrum is noted here for reader context. For readers following the broader digital asset market, 28 of 50 major cryptocurrencies on Pluang rose while 20 fell. Kusama (KSM) saw a 1.86% price increase with 67% buy order activity, Fantom (FTM) dropped 2.05%, and The Sandbox (SAND) rose 1.61%. This data is as of Oct 27, 2026 07:02 WIB.
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