Franklin Templeton Expands FOBXX to Solana
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Feb 12 2025Franklin Templeton's Expansion: Franklin Templeton has expanded its Franklin OnChain U.S. Government Money Fund (FOBXX) to the Solana blockchain, aiming to enhance accessibility and transaction efficiency for investors in digital assets.
Growing Trend in Tokenization: The move aligns with a broader trend in the financial sector towards tokenization, as major asset managers adopt blockchain-based products, highlighted by a significant increase in the value of tokenized U.S. Treasuries and Franklin Templeton's filing for a Solana-based ETF.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
