Wall Street giant Franklin Templeton said on Wednesday that its OnChain U.S. Government Money Fund, aka FOBXX, is now available on Solana.

Franklin Templeton has expanded its tokenized money market fund, Franklin OnChain US Government Money Fund (FOBXX), to the Solana [SOL] blockchain, further strengthening its presence in the digital asset space.

Fund management titan Franklin Templeton has launched its Franklin OnChain US Government Money Fund on the layer-1 Solana blockchain.

Franklin Templeton, a US-based financial services company with $1.6 trillion worth of assets under management, announced on Feb. 12 that it had launched its OnChain US Government Money Fund (FOBXX) on layer-1 blockchain Solana.

Franklin Templeton has stepped up by registering the “Franklin Solana Trust” in Delaware. This could be a hint at possible plans to launch an

Franklin Templeton introduced its OnChain US Money Market Fund (FOBXX) on Solana yesterday, February 12. The tokenized fund was previously available on Ethereum, Avalanche, Aptos, and Coinbase’s Base.

U.S.-based asset management firm Franklin Templeton has added Solana to its list of blockchains supporting trading its OnChain Money Market Fund (FOBXX). This recent development signals the growing interest in the Solana blockchain from tokenization issuers.