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Franklin Templeton has put its blockchain U.S. treasury fund on yet another network, adding Aptos just weeks after expanding to Avalanche.

TL;DR Launch in Aptos: Franklin Templeton launches its OnChain US Government Money Fund (FOBXX) on the Aptos blockchain, represented by the BENJI token. Successful Subscriptions: The fund has reached more than $20 million in subscriptions, evidencing progress in the institutional adoption of blockchain.

Franklin Templeton, a leading investment manager with over $1.4 trillion in assets, has expanded its tokenized US treasuries fund—Franklin OnChain U.S. Government Money Fund (FOBXX)—to Aptos, a Layer-1 blockchain powered by the Move programming language. FOBXX is a regulated 1940 act fund that invests at least 99.

Franklin Templeton expanded to the Aptos chain, soon after adding Arbitrum and Avalanche. The BENJI token offers retail investment in tokenized low-risk bonds, available through a mobile app.

Franklin Templeton has expanded its digital investment strategy by launching its OnChain U.S. Government Money Market Fund (FOBXX) on the Aptos blockchain. This move may set the stage for an APT price rally due to increased token utility.

Franklin Templeton Money Market Fund was launched on the Aptos blockchain.

Franklin Templeton's $435 million fund is expanding its reach, now available on multiple blockchains like Avalanche, Arbitrum, Stellar, and Polygon.

FOBXX is represented by the BENJI token, with the fund previously launched on Stellar, Polygon, Arbitrum and Avalanche.

Franklin Templeton's FOBXX is the first money market fund to be launched on Aptos.

Aptos {{APT}}, the Layer 1 blockchain inspired by the discontinued Diem (formerly Libra) blockchain developed by Meta, has become the latest where Franklin Templeton's OnChain U.S. Government Money Market Fund (FOBXX) can be traded.

Global asset manager Franklin Templeton announced Wednesday that its blockchain-based government money fund is now live on Layer-1 blockchain Aptos.

Aptos (APT) has gained considerable attention in the cryptocurrency market, particularly following a notable surge that saw its price increase by 17.84% before entering a consolidation phase. Currently hovering around $7.77, APT has experienced mixed signals, prompting analysts to predict that it could soon cross the $10 threshold.

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Aptos is currently in a consolidation phase. However, APT is projected to cross $10 soon.

TL;DR By October 2024, $1.3 billion worth of tokens will be unlocked on the market. Notable projects include Celestia, Sui and Aptos, with major releases scheduled. Investors should be on the lookout for potential impacts on cryptocurrency prices due to these unlocks.

The largest token unlock of the month belongs to Celestia, which will unlock 175.56 million TIA tokens on October 30.

The upcoming $1.3 billion token unlock could significantly impact market dynamics, potentially increasing selling pressure and volatility. The post Celestia, Sui, and Aptos set for $1.3 billion token unlock next month appeared first on Crypto Briefing.

Aptos (APT), a promising cryptocurrency, has recently displayed bullish momentum, with market participants closely monitoring whether it can surpass the critical $10 threshold. Following a notable 29.98% rise over the past week, APT's growth has slowed slightly, rising by just 1.59% in the last 24 hours.

APT is set for a significant rally, with a market consensus indicating strong upward momentum.

The price move of the past 24 hours appeared to be borne majorly by the futures market.

With the bull run in the crypto market heating up, altcoins are preparing for a skyrocketing move ahead. Among the top performers, SUI, STX, and APT are teasing a breakout run ready for a 2X rally. So, let's find the next entry opportunity for a potential 2x gain.

Explore top cryptocurrencies projected to yield high returns by year-end. Learn about their make-up, projection methodologies and how investors can potentially earn up to 500% return on investment.

In the last seven days, several altcoins have surged impressively, each recording notable gains not seen in a long while. This remarkable uptrend highlights a shift in market sentiment and the potential for lucrative opportunities from the cryptocurrencies listed in the top 100.

The Bitcoin bull market is about to begin and as a result, the altcoins appear to be gearing up for the next move. SUI & SEI prices have been demonstrating massive moves in the past few weeks and hence are believed to outperform some of the top trading altcoins.