Franklin Templeton, a financial company managing 1.6 billion of dollars in assets, has taken an important stage in the enlargement of its presence of blockchain by integrating into the Solana ecosystem. On February 12, 2025, the company presented its monetary fund of the US government (FOBXX) on the blockchain of the Solana layer 1. This decision reflects the continuous support of the company to blockchain technology and its growing role in traditional finance, after the initial launch of FOBXX in 2021.
The fund is recognized for its stability and safety, because it allocates almost all its assets to the titles of the American government, in cash and in fully guaranteed redemption. As of January 31, 2025, FOBXX had accumulated $ 512 million in assets, offering an effective return of 7 days of 4.2%. Investors are continuously looking for reliable opportunities and yield generators, this development allows wider accessibility to such investments thanks to blockchain technology.
A representative of Franklin Templeton underlined that this initiative also expands the presence of the company through the Blockchain Du Play 1. The Company recognized the growing call of Solana among institutional investors, positioning itself beyond of its previous reputation of platform mainly associated with speculative assets.
Expansion of tokenization and integration of blockchain
FOBXX works on several blockchains, notably Ethereum, Avalanche, Arbitrum, Base, Polygon and Aptos, allowing transparent transactions between these networks. Franklin Templeton expressed his confidence in the tokenization of active world active ingredients on various platforms as a strategic approach to the diversification of investments. The company stressed that FOBXX is the first fund based in the United States to use the technology of the great distributed book (DLT) for effective monitoring of Benji tokens, each representing part of the fund. By taking advantage of blockchain technology, the company aims to tackle ineffectiveness in the traditional management of common funds, which often involves large documents and long treatment deadlines.
In addition to the expansion based in Solana, Franklin Templeton has actively continued tokenized asset initiatives, reflecting the approach adopted by the Apollo diversified credit security fund. The growing interest in the active world tokenized has been motivated by the adoption of stablescoins, American government bonds, private credit solutions and other institutional investments. In addition, decentralized chain exchanges have gained ground between the obligations, actions and the raw materials.
Growing presence in the cryptography sector
Franklin Templeton’s foray into the blockchain extends beyond his Solana initiative. The company introduced Bitcoin ETF in January 2024, followed by Etf Ethereum in July of the same year. He also asked the regulatory approval of the American Securities and Exchange commission (SEC) to launch an ETF of the crypto index, strengthening its long -term commitment to the digital asset sector. These developments reflect the vision of the company to integrate traditional financial instruments into blockchain -based solutions.
As part of its broader commitment with the Solana network, Franklin Templeton filed a trigger for Delaware in February 2025, signaling potential plans for an ETF Solana. However, regulatory uncertainty continues to make challenges, with ongoing legal discussions on the question of whether soil is considered to be not registered security. The position of the dry on this subject should influence future investment products linked to Solana.
Institutional interest for Solana and market resumption
While Solana initially gained popularity among retail investors and lovers of memes, institutional commitment has increased considerably. Decentralized applications (DAPP) on the network recorded an increase in investments of 54% in the third quarter of 2024, reaching a total of $ 173 million. Coinshares’s research has also indicated an increasing soil allowance by hedge funds and wealth managers throughout 2024.
Despite the setbacks, including a sharp drop in soil value after the collapse of the FTX, Solana has demonstrated resilience. The token, which fell below $ 10, experienced a significant recovery, going to $ 265.10. Market speculation concerning the involvement of a former American president in the same transactions have contributed to a renewed interest in the ecosystem. The progress of the network highlights its technological capacities and its solid community support.
The asset of the tokenized treasure assets
Franklin Templeton aligned himself with other large companies, notably Blackrock, Hashnote, Ondo and Opendenden, by adopting a multi-chain approach to the assets of the Tokenized Treasury. The Buidl de Blackrock initiative allows asset purchases on Aptos, Arbitrum, Avalanche and Optimism, while Usdy d’Ondo operates through Solana, Mantle, Ethereum and Aptos.
The combined value of the US Treasury Treasury tokenized increased to 3.6 billion dollars, the short -term hashnote return ticket leading the market to a capitalization of $ 1.1 billion. The other key players include the Blackrock’s Buidl and Franklin Templeton FOBXX, with Usdy d’Ondo by also obtaining an important position on the market.
Currently, the total market capitalization of the tokenization of real assets (RWA) exceeded $ 17.2 billion. Platforms such as Rwa.xyz actively follow more than 110 active transmitters in the sector, highlighting a transformative change in asset management and trading. The advantages of tokenization, in particular liquidity, transparency and increased accessibility, are becoming more and more obvious in the global financial markets.
Solana has now become the latest blockchain network to host the Franklin Templeton’s money market fund, joining a list that includes the Aptos, Ethereum, Avalanche, Arbitrum, Base and Polygon. Initially introduced on the stellar blockchain, the fund maintains a stable course of $ 1, with at least 99.5% of its assets invested in titles and buy -back agreements.
