Arbitrum Tokenized Funds Market Cap Put at $1.1 Billion

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