Key Takeaways
- • 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 has been available since August 2024 and lets institutional investors buy shares through BENJI tokens, each representing one share at a $1.00 net asset value.
- • Eight tokenized Treasury instruments on Arbitrum held a combined $273.31 million, with FOBXX trailing Spiko's EUTBL, which held $161.24 million.
- • FOBXX invests at least 99.5% of its assets in government securities or cash equivalents and operates on a permissioned blockchain that requires approved wallets.
- • The source does not specify whether the fund's growth came from new subscriptions or from transfers.
Summary
According to Pluang, 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. That placed it second among tokenized Treasury instruments on the network. The figures are a 2024 snapshot, and the report's October 27, 2026 timestamp does not update them.
The fund has been available since August 2024. Institutional investors buy shares through BENJI tokens, with each token representing one share at a $1.00 net asset value. FOBXX invests at least 99.5% of its assets in government securities or cash equivalents. It runs on a permissioned blockchain, so participants must hold approved wallets.
The combined value of the eight tokenized Treasury instruments on Arbitrum was $273.31 million at the time of the data. FOBXX trailed Spiko's EUTBL, which held $161.24 million. Pluang characterized the growth as evidence of rising institutional interest in blockchain-based Treasury investments. The report does not indicate whether the balance increase reflected new subscriptions or transfers between wallets, so the figures alone do not establish net new capital inflows.
The fund has been available since August 2024. Institutional investors buy shares through BENJI tokens, with each token representing one share at a $1.00 net asset value. FOBXX invests at least 99.5% of its assets in government securities or cash equivalents. It runs on a permissioned blockchain, so participants must hold approved wallets.
The combined value of the eight tokenized Treasury instruments on Arbitrum was $273.31 million at the time of the data. FOBXX trailed Spiko's EUTBL, which held $161.24 million. Pluang characterized the growth as evidence of rising institutional interest in blockchain-based Treasury investments. The report does not indicate whether the balance increase reflected new subscriptions or transfers between wallets, so the figures alone do not establish net new capital inflows.
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