cryptocurrency markets continue to remain the focus of trillion-dollar asset managers. The announcement that just came is extremely important for ETH. Ethereum, the most preferred network of large companies in the RWA field $3,204 It can make serious profits in this field, which is expected to reach a trillion-dollar market size in the long term.
Ethereum News
Bitcoin $90,606 The price is above $90,000 and continues to consolidate near the top after reaching the ATH level. According to the recent announcement, Franklin Templeton has expanded its RWA token to the Ethereum network. this year FOBXX Token Base, Aptos and Avalanche
$33 It announced support for many networks, including.
FOBXX, the US Government Money Market Fund, lives on the blockchain and was launched in 2021. It is currently the third largest tokenized money market fund with a size of $429 million. BlackRock‘s USD Institutional Digital Liquidity Fund (BUIDL) was launched in March and ranks first with a size of 545 million dollars.
Major banks, financial companies, asset managers launching RWA tokens on the Ethereum network is motivating for the long-term growth of ETH price.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.