{"id":626258,"date":"2025-02-13T08:44:30","date_gmt":"2025-02-13T08:44:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=626258"},"modified":"2025-02-13T10:46:19","modified_gmt":"2025-02-13T10:46:19","slug":"franklin-templeton-expands-blockchain-presence-with-launch-of-tokenized-money-fund-on-solana","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/franklin-templeton-expands-blockchain-presence-with-launch-of-tokenized-money-fund-on-solana","title":{"rendered":"Franklin Templeton Expands Blockchain Presence With Launch Of Tokenized Money Fund On Solana"},"content":{"rendered":"

Fund management titan Franklin Templeton has launched its Franklin OnChain US Government Money Fund (FOBXX) on Solana.<\/span><\/p>\n

A SOL token called Benji (BENJI) representing shares in the fund has been deployed on the Solana network, the $1.6 trillion asset manager said in a Feb. 12 X <\/span>post<\/span><\/a>.<\/span><\/p>\n

\"Franklin<\/p>\n

Franklin Templeton Expands Layer-1 Footprint<\/span><\/h2>\n

The FOBXX fund invests almost 100% of its assets in US government securities, cash and fully collateralized repurchase agreements. Its total assets stood at $512 million as of Jan. 31.<\/span><\/p>\n

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Breaking news: $1.5T AUM firm Franklin Templeton’s tokenized money market fund (FOBXX) is now available on Solana!<\/p>\n

This is finance evolving in real-time 🧵 pic.twitter.com\/Yuv3otnuOk<\/a><\/p>\n

— Solana (@solana) February 12, 2025<\/a><\/p><\/blockquote>\n