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Solana Draws Franklin Templeton for Tokenized Fund Expansion

The boundary between traditional finance and the world of crypto continues to blur. Franklin Templeton, a giant in asset management with $1.6 trillion under management, takes another step towards integrating blockchain and announces the extension of its tokenized U.S. Money Fund (FOBXX) on Solana. This strategic move, which takes place in a context of the rising prominence of tokenized financial assets, could well mark a turning point in the institutional adoption of this technology. Having already established this fund on Ethereum, Avalanche, and several layer 2 blockchains, the American company is now betting on Solana, a crypto infrastructure that has successfully attracted attention beyond its initial image as a playground for memecoins.