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Arbitrum Tokenized Funds Market Cap Put at $1.1 Billion

More than $56 million from FTDA’s BENJI money market fund was on Arbitrum, while USDG lending on Morpho exceeded $140 million in TVL.

By Enna Lee
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Mentioned assets
Transparent fund capsules connected by a compact two-tier bridge model / TokenPost.ai
Transparent fund capsules connected by a compact two-tier bridge model / TokenPost.ai

Tokenized funds on Arbitrum had a market capitalization of $1.1 billion. More than $56 million from FTDA’s BENJI money market fund was on the network.

USDG lending on Morpho had more than $140 million in total value locked (TVL).

Arbitrum is a layer-2 network designed to make Ethereum transactions faster and less expensive. Applications for Arbitrum’s Stablecoin Growth Program are open, and ArbiVerse is scheduled for Monday, Nov. 2, in Mumbai.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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