Franklin Templeton Expands Blockchain Presence With Launch Of Tokenized Money Fund On Solana
Fund management titan Franklin Templeton has launched its Franklin OnChain US Government Money Fund (FOBXX) on Solana. A SOL token called Benji (BENJI) representing shares in the fund has been deployed on the Solana network, the $1.6 trillion asset manager said in a Feb. 12 X post . Franklin Templeton Expands Layer-1 Footprint The FOBXX fund invests almost 100% of its assets in US government securities, cash and fully collateralized repurchase agreements. Its total assets stood at $512 million as of Jan. 31. Breaking news: $1.5T AUM firm Franklin Templeton’s tokenized money market fund (FOBXX) is now available on Solana! This is finance evolving in real-time 🧵 pic.twitter.com/Yuv3otnuOk — Solana (@solana) February 12, 2025 The launch of Franklin Templeton’s FOBXX on the Solana blockchain is part of the company’s mission to expand its “layer-1 footprint,” it said. This comes amid Solana’s growing presence in the institutional f...