Franklin Templeton Expands $594M Market Money Fund to Solana

Description

Franklin Templeton has made the OnChain U.S. Government Money Market Fund (FOBXX), the third-largest tokenized money market fund, available on Solana in another signal 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 functions as the primary blockchain. The asset manager announced the expansion on Wednesday. Solana has emerged as the leading venue for new tokens (mostly meme...