PANews reported on February 13 that according to CoinDesk, global asset management company Franklin Templeton announced that its OnChain U.S. Government Money Market Fund (FOBXX) has expanded to the Solana blockchain. The fund currently has a market value of US$594 million, making it the world's third largest tokenized money market fund.
Previously, FOBXX has supported Ethereum, Base, Aptos, and Avalanche. The addition of Solana shows that the network has become more attractive in the tokenization of RWA (real world assets). Although Ethereum still occupies 52% of the market share, Solana's RWA scale has reached 135 million US dollars and has received more institutional support in the near future.
This expansion is consistent with Securitize’s recent move to launch the BUIDL fund on Solana, further promoting institutional adoption of blockchain for asset tokenization. Anthony Scaramucci, founder of SkyBridge, said Solana may win in the RWA race due to its transaction speed and efficiency.
