Solana Welcomes Franklin Templeton Tokenized Fund

Franklin Templeton’s FOBXX Fund Launches on Solana

• Franklin Templeton’s FOBXX fund is now available on eight blockchains, including Solana.
• The fund invests 99.5% in US government securities, cash, and repurchase agreements.
• FOBXX offers a 4.55% annual percentage yield (APY).
• The market cap of FOBXX was nearly $594 million as of Feb. 11.
• Solana hosts nearly $136 million in tokenized shares from the fund.

The Franklin OnChain US Government Money Fund (FOBXX) has been deployed on Solana, contributing to its $594 million market cap and offering a 4.55% APY with significant investments in US government securities.