A company that is changing the way the world mines bitcoin

CoinGape 2025-02-12 14:50:47

Trillion-Dollar Asset Manager Franklin Templeton Launches Tokenized Fund On Solana

Trillion-dollar asset manager Franklin Templeton has launched its tokenized money fund on the Solana network, just a day after filing for a Solana Trust. This development provides a bullish outlook for the Solana price, which is currently struggling to stay above $200. Franklin Templeton Launches Tokenized Fund On Solana In an X post , Franklin Templeton announced that its Franklin OnChain US Government Money Fund (FOBXX) is now live on the Solana network. The asset manager praised the top layer 1 network as fast, secure, and censorship-resistant, encouraging global adoption via its open infrastructure. According to the firm, the FOBXX fund invests at least 99.5% of its total assets in US government securities, cash, and repurchase agreements fully collateralized by US government securities or cash. The fund is already available on the Ethereum, Base, Polygon, Avalanche, Aptos, and Arbitrum networks. Meanwhile, the launch of this money fund on the Solana network comes just a day after Franklin Templeton entered the SOL ETF race with a Delaware filing. Such a move always precedes a filing with the US SEC, which indicates that the asset manager could soon file to offer a Solana ETF with the US SEC. Meanwhile, this move from the asset manager isn’t surprising, considering that last year, it praised the Solana network and predicted that SOL would become the third-largest crypto behind Bitcoin and Ethereum. The firm asserted that the network would be the go-to choice for sectors that will onboard the next set of crypto users. Anthony Scaramucci Bets On Solana In a CNBC interview, the founder and managing partner of Skybridge Capital, Anthony Scaramucci, asserted that the Solana network will win the tokenization race, indicating it will become the go-to platform for tokenizing real-world assets. He explained that Solana is faster and has lower gas fees, so he believes it will win the war in tokenization. He added that Solana will become the obvious choice stocks and bonds end up being tokenized just BlackRock CEO Larry Fink advocates for. The post Trillion-Dollar Asset Manager Franklin Templeton Launches Tokenized Fund On Solana appeared first on CoinGape .

Наиболее читаемые новости

Hive Digital Reports Significant Bitcoin Rese...
2025-02-12
Hive Digital clocks $29.2M in Q3 revenue as B...
2025-02-12
SEC and Binance Pause Lawsuit, Indicating Pos...
2025-02-12
Solana Price Eyes $300 Run As Coinbase Unveil...
2025-02-12
HYPE Token’s Bullish Setup Strengthens as Fun...
2025-02-12
World Liberty Financial Unveils ‘Macro Strate...
2025-02-12
What the SEC’s Truce With Binance Means for C...
2025-02-12
Ethereum Faces Challenges as Competitors Gain...
2025-02-12

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения