Franklin Templeton’s money market fund launches on Solana – Is BlackRock losing ground? – BitRss

• Franklin Templeton expands FOBXX to Solana, enhancing its blockchain presence.
• Institutional investment in Solana surges, solidifying its role in decentralized finance and tokenization.

Franklin Templeton has expanded its tokenized money market fund, Franklin OnChain US Government Money Fund (FOBXX), to the Solana [SOL ($195.91)] blockchain, further strengthening its presence in the digital asset space.

Franklin Templeton launches FOBXX

With $1.6 trillion in assets under management, the firm announced this move on the 12th of February, building on FOBXX’s multi-chain strategy.

Originally launched in 2021, the fund has already integrated with Ethereum [ETH ($2,697.33)], Coinbase’s Base, Aptos [APT ($6.20)], and Avalanche [AVAX ($25.74)], while