Franklin Templeton Expands $594M Market Money Fund to Solana
Franklin Templeton has expanded its Onchain U.S. Government Money Market Fund (FOBXX) to Solana, making it the latest major institutional player to adopt the network for tokenization efforts. Solana has captured over 90% of all new tokens appearing on decentralized exchanges, but lags behind in RWA and institutional adoption. Ethereum leads the tokenization market with a 52% market share worth $3.8 billion.