Franklin Templeton Expands $594M Money Market Fund to Solana
The move comes after Securitize partners with Solana to bring real-world tokenized assets to the network.
By Helene Braun, Krisztian Sandor | Edited by Sheldon Reback
What to Know:
Franklin Templeton has added Solana to the blockchains supporting trading for its OnChain US Government Money Market Fund (FOBXX).$BTC
With a market cap of $594 million, FOBXX is the third-largest tokenized money market fund.
Solana has recently seen increased interest from tokenization issuers, though Ethereum remains the most popular network
Franklin Templeton has made the U.S. Government OnChain Money Market Fund (FOBXX), the third-largest tokenized money market fund, available on Solana in another sign of growing interest in the blockchain.
The fund is already available on Ethereum, Coinbase's Base, Aptos and Avalanche, which were all added last year. The Stellar network serves as the primary blockchain. The asset manager announced the expansion on Wednesday.
