The expansion of FOBXX to Solana reflects the growing institutional momentum behind tokenized investment products, as major asset managers seek more efficient trading and settlement through onchain solutions

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Tokenization is one of the fastest-growing sectors in crypto adoption as institutions increasingly bring traditional financial assets like bonds, commodities and funds into the blockchain economy for more efficient operations and faster settlement
Tokenization is a fast-growing sector for crypto. A number of top U.S. asset managers including BlackRock, Fidelity and WisdomTree have moved into the space, often arguing that onchain investment products are easier to trade and maintain

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