$SOL Franklin Templeton, which manages $1.6 trillion in assets, has added support for the new blockchain to its tokenized money market fund, Franklin OnChain US Government Money Fund (FOBXX)

Franklin Templeton's FOBXX is now available on the Solana ( SOL ) blockchain, the asset manager said in an official announcement.

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FOBXX Expands to Solana

Launched in 2021, FOBXX now ranks third among all tokenized money market funds, according to rwa.xyz . Its total asset value recently reached $600 million.

FOBXX is the world's first mutual fund that uses blockchain to process transactions and record share ownership. Each share of the fund is represented by the BENJI token.