Franklin Templeton expands money market fund to Solana

Franklin Templeton officially expanded his tokenized monetary market fund to Solana.

The active manager, whose cryptographic traction includes the launch of Spot Bitcoin and funds negotiated in exchange for Ethereum, now offers its Franklin onchain Us Govern Fund on Solana (GROUND).

Details poster On X via the Franklin Templeton Digital Assets account, indicate that the company has unlocked a new blockchain for Benji, a platform that allows users to invest in FOBXX.

Solana is the latest blockchain network to support the Franklin tokenized money market fund, following previous expansions in Aptos, Ethereum, Avalanche, Arbitrum, Base and Polygon. The fund was initially launched on Stellar.

At least 99.5% of FOBXX assets are invested in the American government’s securities and buy -back agreements, the fund, the fund retaining a stable course of $ 1.

With this expansion, Franklin joins Blackrock, Hashnote, Ondo and Openeden, among others, in the adoption of a multi-chain approach for the assets of the Tokenized Treasury. Blackrock’s BUIDL is available on Aptos, Arbitrum, Avalanche and OPMIMISM’s OP MAINNET, while USDY D’Ondo is live on Solana, Mantle, Ethereum and Aptos, among other channels.

In the midst of this boom to token, the active assets by US treasury bills exceeded $ 3.6 billion. Hashnote’s short -term return note is currently leading the market with a market capitalization of $ 1.1 billion.

Buidl and FOBXX are second and third with more than $ 636 million and $ 593 million respectively. According to Rwa.xyzUSDY D’Ondo is fourth with $ 383 million.

The growth in the tokenization of real assets has accelerated in parallel with the growing demand for staboins, debt of the American treasury, private credit and institutional funds. Chain interests have also extended to corporate obligations, actions and basic products.

RWA chain market capitalization is currently more than $ 17.2 billion, RWA.xyz data showing 110 active ingredients in space.