Blockchain Finality (for Tokenized Assets)
Blockchain finality is the point at which a transaction is irreversible — critical for tokenized asset settlement, where probabilistic finality creates settlement uncertainty, and instant finality (Avalanche, Stellar, Solana) solves this for institutional markets.
Franklin Templeton — FOBXX and the On-Chain Money Market Revolution
Franklin Templeton's FOBXX became the first SEC-registered mutual fund using blockchain for transaction records in 2021, with $700M+ AUM by 2025.
Stellar Blockchain
Stellar is a Layer 1 blockchain purpose-built for fast, cheap cross-border payments and tokenized assets — chosen by Franklin Templeton for FOBXX (alongside Polygon) and WisdomTree for multiple tokenized funds due to its institutional-grade settlement speed and low fees.
WisdomTree — Tokenized Funds and the Blockchain-Native ETF Pioneer
WisdomTree manages $100B+ in AUM and has built WisdomTree Prime, a consumer-facing blockchain investment platform offering SEC-registered tokenized funds.
Franklin Templeton's FOBXX: The First SEC-Registered Fund on a Public Blockchain
Franklin Templeton's BENJI fund (FOBXX) holds $380M+ in US Treasuries on the Stellar and Polygon blockchains. It was the first SEC-registered money market fund to record share ownership on a public blockchain — a regulatory breakthrough that opened the door for BlackRock's BUIDL.