FOBXX maintains a stable $1 share price and is the third-largest tokenized money market fund with a $594 million market cap, investing in U.S. government securities and Treasury-collateralized repurchase agreements

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FOBXX, which acts a bit like a stablecoin in that it seeks to maintain a stable $1 share price

With a $594 million market cap, FOBXX is the third-largest tokenized money market fund

The fund invests in U.S. government securities, including fixed, floating and variable rate bonds as well as repurchase agreements collateralized fully by U.S. Treasuries or cash

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