Trillion-dollar asset manager Franklin Templeton has unveiled its tokenized money market fund, FOBXX, on the Solana network.
The FOBXX fund invests primarily in US government securities and cash, and has a market cap of $594 million.
Franklin Templeton's move to launch FOBXX on Solana aligns with its strategy of diversifying blockchain integrations.
The launch of FOBXX on Solana, along with other positive developments, suggests a bullish outlook for Solana's price, with potential for a rally if momentum is maintained.