Meet FOBXX - Franklin OnChain U.S. Government Money Fund that Joined with Solana Ecosystem Recently

On February 12, Franklin Templeton announced that their tokenized money fund was deployed on Solana. This news became a new development of Franklin Templeton to enhance their involvement in the blockchain sphere.

Perhaps several readers don't know what FOBXX is and why FOBXX has become a trend in Google Trends. Therefore you can read this article to getting know about FOBXX.

What is FOBXX?

FOBXX is the ticker symbol for the Franklin OnChain U.S. Government Money Fund, a tokenized money market fund managed by Franklin Templeton.

It is designed to provide investors with a stable, blockchain-based investment vehicle that holds U.S. government securities while maintaining the liquidity and security of traditional money market funds.

History and Development of FOBXX

Franklin Templeton took a bold step into the future of finance by launching FOBXX, the Franklin OnChain U.S. Government Money Fund in April 2021. 

Unlike traditional money market funds, FOBXX was designed to operate on blockchain technology, making it the first U.S.-registered mutual fund to fully embrace decentralized ledger systems. 

It initially debuted on the Stellar blockchain, chosen for its efficiency, transparency, and low transaction costs.

At the heart of this innovation was Franklin Templeton’s vision: to merge traditional finance (TradFi) with blockchain technology, offering a stable, secure, and efficient investment option. 

Read Also: Franklin Templeton and the Future of Solana ETF

The fund’s core investment strategy remained conventional—holding U.S. government securities and fully collateralized repurchase agreements—but its operational structure was groundbreaking. 

FOBXX Token Development

By tokenizing FOBXX, investors could now buy, sell, and track their assets on-chain, benefiting from increased liquidity and real-time transaction settlements.

As interest in tokenized real-world assets (RWAs) grew, so did the demand for FOBXX’s accessibility across multiple blockchain networks. 

In 2023, Franklin Templeton extended FOBXX beyond Stellar by integrating it with Ethereum, the leading blockchain for decentralized finance (DeFi). This decision enabled both institutional and retail investors to engage with FOBXX in a more familiar setting.

By 2024, the fund’s reach extended even further. Coinbase’s Base network became a new home for FOBXX, offering lower transaction fees and enhanced scalability. 

Shortly after, Aptos and Avalanche were added to the roster, strengthening the fund’s cross-chain presence and making it a leading example of how traditional investment vehicles can thrive in decentralized ecosystems.

FOBXX Deployed on Solana Blockchain

The biggest milestone in FOBXX’s journey came in February 2025. Recognizing the explosive growth and efficiency of the Solana blockchain, Franklin Templeton announced that FOBXX would join the Solana ecosystem, marking a new chapter in the fund’s evolution. 

Solana’s high-speed transactions (65,000 TPS) and minimal fees made it a perfect match for FOBXX, ensuring that investors could now access, trade, and manage their holdings more efficiently than ever before.

With this latest integration, FOBXX now operates on six major blockchain networks, that is Stellar, Ethereum, Base, Aptos, Avalanche, and Solana, solidifying its position as one of the most advanced tokenized money market funds in the world.

Market Cap FOBXX

Today, FOBXX holds a market capitalization of $594 million and continues to attract investors looking for a stable, on-chain investment with a competitive 4.55% APY. 

As blockchain adoption in traditional finance accelerates, Franklin Templeton’s pioneering efforts in tokenized assets place FOBXX at the forefront of a financial revolution, bridging the gap between traditional investments and the decentralized future

Key Features of FOBXX

1. Tokenized Money Market Fund

FOBXX is one of the first U.S.-registered mutual funds to fully leverage blockchain technology. Unlike traditional money market funds, it issues shares as digital tokens recorded on public blockchains, ensuring real-time transparency and security.

2. Multi-Chain Accessibility

With its presence now spanning six major blockchain ecosystems—Stellar, Ethereum, Base, Aptos, Avalanche, and Solana—FOBXX has positioned itself as one of the most versatile and accessible tokenized money market funds in the world. 

This multi-chain accessibility ensures that investors can engage with FOBXX in the ecosystem that best suits their needs, reinforcing Franklin Templeton’s commitment to bridging traditional finance with the digital future.

Read Also: How to Buy Solana (SOL)

3. Stable Value & Competitive Yield: A Reliable Investment

FOBXX is designed for stability and steady returns, making it a low-risk investment. It maintains a Stable Net Asset Value (NAV) of $1.00 per share, ensuring minimal price fluctuations. This makes it a safe option for investors looking to preserve capital.

In addition to stability, FOBXX offers a competitive annual percentage yield (APY) of 4.55% (as of February 2025), providing better returns than traditional savings accounts.

Another key benefit is high liquidity—investors can buy, sell, or redeem their shares easily, just like in a traditional money market fund. 

Thanks to blockchain technology, transactions are fast, transparent, and cost-effective, making FOBXX an efficient and secure investment choice.

4. FOBXX: A Secure and Regulated Investment

FOBXX is a fully regulated investment fund, operating under U.S. financial laws to ensure security, transparency, and investor protection. 

Unlike many crypto-based assets, FOBXX is SEC-compliant, meaning it follows strict legal and financial regulations.

The fund’s holdings are audited and backed by U.S. government securities, such as Treasury bills and fully collateralized repurchase agreements, making it a low-risk and stable investment option.

Additionally, because FOBXX is built on blockchain, all transactions are recorded on a public ledger, allowing investors to track their investments in real-time. 

This combination of traditional financial oversight and blockchain transparency makes FOBXX a secure and reliable choice for both institutional and retail investors.

How Does FOBXX Work on Solana?

With its recent expansion into the Solana ecosystem, FOBXX now operates on one of the fastest and most cost-effective blockchain networks, offering investors seamless, low-cost, and highly efficient transactions. 

This integration enhances the fund’s accessibility while leveraging Solana’s speed, scalability, and security.

1. Tokenized Shares on Solana

FOBXX operates as a tokenized money market fund, where each share is issued as a digital token on the Solana blockchain. 

This allows investors to buy, sell, and transfer shares instantly while enjoying Solana’s speed and efficiency.

2. Faster and Cheaper Transactions

Solana’s high-performance blockchain ensures:

Instant Transactions – With speeds of up to 65,000 transactions per second (TPS), investors can trade FOBXX shares almost instantly.

Low Fees – Unlike Ethereum’s high gas fees, Solana transactions cost only a few cents, making it cheaper and more efficient.

Read Also: Can Solana (SOL) Reach $1000?

3. Improved Liquidity and Accessibility

By integrating with Solana’s DeFi ecosystem, FOBXX offers:

Easy Trading – Investors can buy and sell shares with minimal delay.

DeFi Integration – Use FOBXX in lending, borrowing, or liquidity pools to generate additional returns.

Cross-Chain Flexibility – Investors can move FOBXX assets between different blockchain networks more easily.

4. Real-Time Transparency and Security

Solana’s public blockchain enhances security and trust:

Live Asset Tracking – Investors can monitor their holdings anytime.

Immutable Records – Transactions are permanently recorded, ensuring security and transparency.

Fewer Middlemen – With direct blockchain transactions, costs are lower, and processing is faster.

FOBXX’s move to Solana makes it faster, cheaper, and more accessible than ever before. With instant transactions, low fees, and seamless DeFi integration, investors can now experience the benefits of a tokenized money market fund in a high-performance blockchain environment.

How to Access FOBXX / How to Invest in FOBXX?

Investing in FOBXX (Franklin OnChain U.S. Government Money Fund) is simple and accessible through Franklin Templeton’s digital platform and supported blockchains. 

Here’s how you can access and invest in FOBXX:

1. Through Benji Investments App

The easiest way to buy, manage, and redeem FOBXX shares is through Benji Investments, Franklin Templeton’s official investment app.

Steps to Get Started:

1. Download the Benji Investments App – Available on iOS, Android, and web.

2. Create an Account – Sign up and verify your identity for regulatory compliance.

3. Fund Your Account – Deposit funds using bank transfer, wire transfer, or stablecoins.

4. Buy FOBXX Shares – Invest in FOBXX and track your holdings in real-time.

2. Through Blockchain Networks

FOBXX is available on multiple blockchains, including Solana, Ethereum, Base, Aptos, Avalanche, and Stellar. Investors can access it through:

Crypto Wallets – Connect your MetaMask, Phantom, Coinbase Wallet, or other supported wallets to trade FOBXX tokens.

Decentralized Finance (DeFi) Platforms – Use FOBXX in liquidity pools, lending, and staking within supported DeFi applications.

Is Investing in FOBXX Profitable?

FOBXX is primarily designed as a low-risk, stable investment rather than a high-return speculative asset. Its goal is to provide capital preservation, liquidity, and steady returns, making it a great choice for investors looking for secure and predictable income.

Here’s what makes FOBXX a good investment option:

Stable Value – Unlike volatile crypto assets, FOBXX maintains a fixed Net Asset Value (NAV) of $1.00 per share, reducing the risk of price fluctuations.

Competitive Yield – As of February 2025, FOBXX offers an Annual Percentage Yield (APY) of 4.55%, which is higher than most traditional savings accounts or short-term treasury bonds.

Liquidity & Accessibility – Investors can buy, sell, or redeem shares anytime, similar to a traditional money market fund, but with faster settlements and lower costs due to blockchain technology.

Regulated & Backed by U.S. Government Securities – Unlike many crypto investments, FOBXX is fully regulated and SEC-compliant, with audited holdings of U.S. Treasury securities, ensuring low risk and steady income.

If you’re looking for a stable, low-risk investment with steady returns, FOBXX is an excellent choice. 

It offers secure, regulated exposure to U.S. government-backed assets while leveraging blockchain benefits like fast transactions, low fees, and transparency. 

However, if your goal is high-risk, speculative profits, then FOBXX might not be the best fit

Final Note

FOBXX, the Franklin OnChain U.S. Government Money Fund, is a secure and regulated investment that combines the stability of traditional money market funds with the efficiency of blockchain technology. 

Managed by Franklin Templeton, it is backed by U.S. government securities, ensuring low risk and high liquidity.

Since its launch in 2021 on Stellar, FOBXX has expanded to Ethereum, Base, Aptos, Avalanche, and Solana, making it one of the most accessible tokenized funds. 

The recent Solana integration (February 2025) brings faster transactions, lower fees, and DeFi compatibility, making it even more efficient for investors.

Investors can easily access FOBXX through the Benji Investments app, blockchain wallets, or DeFi platforms, allowing for seamless trading, real-time transparency, and cross-chain flexibility.

As blockchain adoption grows, FOBXX is set to become a leading example of tokenized real-world assets (RWAs), bridging traditional finance with decentralized innovation.

FAQ

1. What is FOBXX and how does it work?

FOBXX is a tokenized money market fund managed by Franklin Templeton, investing in U.S. government securities to provide stable returns and liquidity. Each share is issued as a digital token on blockchain networks like Solana, Ethereum, Base, Aptos, Avalanche, and Stellar, allowing investors to buy, sell, and transfer their holdings seamlessly while benefiting from real-time transparency and low transaction costs.

2. Why did FOBXX expand to the Solana blockchain?

FOBXX integrated with Solana in February 2025 to take advantage of faster transactions (up to 65,000 TPS) and lower fees (a few cents per transaction) compared to Ethereum. This expansion enhances accessibility, improves liquidity, and allows for better integration with Solana’s growing DeFi ecosystem.

3. How can I invest in FOBXX?

Investors can access FOBXX through:

Benji Investments App – Franklin Templeton’s official platform for buying, selling, and managing FOBXX shares.

Blockchain Wallets – MetaMask, Phantom, and Coinbase Wallet for direct blockchain transactions.

DeFi Platforms – Utilizing FOBXX for lending, borrowing, or liquidity pools within supported ecosystems.

4. Is FOBXX a safe investment?

Yes. FOBXX is regulated and SEC-compliant, meaning it follows strict U.S. financial regulations. Its holdings are fully audited and backed by U.S. government securities, ensuring low risk, high stability, and liquidity. Additionally, blockchain transparency ensures real-time tracking and secure transactions.

5. What makes FOBXX different from other tokenized assets?

Unlike many crypto-native assets, FOBXX is a fully regulated financial product, offering institutional-grade security, stability, and compliance. It bridges traditional finance with blockchain technology, providing the benefits of both worlds—low volatility, competitive yields (4.55% APY as of February 2025), and seamless on-chain transactions.