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Franklin Templeton’s extension of FOBXX to Solana highlights Solana’s emergence as a leading blockchain for tokenization, driven by high throughput and leadership in new tokens (especially memecoins)

FOBXX was originally launched on Stellar and already trading on Coinbase’s Base, Aptos, Avalanche and Sui

Franklin Templeton launched tokenized fund on Solana

FOBXX maintains a stable $1 share price and is the third-largest tokenized money market fund with a $594 million market cap, investing in U.S. government securities and Treasury-collateralized repurchase agreements

The expansion of FOBXX to Solana reflects the growing institutional momentum behind tokenized investment products, as major asset managers seek more efficient trading and settlement through onchain solutions

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Franklin Templeton launches FOBXX tokenized fund on Solana

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