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Reading: Franklin Templeton Expands Tokenized Money Market Fund to Solana
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COINTURK NEWS > Solana (SOL) > Franklin Templeton Expands Tokenized Money Market Fund to Solana
Solana (SOL)

Franklin Templeton Expands Tokenized Money Market Fund to Solana

In Brief

  • Franklin Templeton has launched a tokenized fund on Solana, expanding its reach.

  • Tokenization enhances transaction efficiency and attracts interest across the financial sector.

  • Solana's growth in new token issuance marks it as a leader in the blockchain space.

İlayda Peker
İlayda Peker 3 months ago
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Franklin Templeton has launched its tokenized money market fund, named OnChain U.S. Government Money Market Fund, on the Solana $163 blockchain. Previously available on platforms like Ethereum $2,199, Coinbase’s Base, Aptos, and Avalanche, this expansion to Solana reflects the growing interest in blockchain technology.

Contents
Tokenization Efforts and Market DevelopmentSolana’s Role and Emerging Trends

Tokenization Efforts and Market Development

Tokenization enables faster and more efficient transactions by transferring traditional financial assets to digital platforms. Developments in this area have attracted the interest of various institutions and market participants, leading to significant changes in the digital finance ecosystem. Since 2021, the fund has grown to a market value of $594 million.

Solana’s Role and Emerging Trends

Solana stands out in launching new digital assets, especially on decentralized exchanges. According to a report by Pantera Capital, 90% of new tokens in decentralized platforms are now issued on Solana, a substantial increase from just 1% at the end of last year. This shift in technology is considered a key trend steering the blockchain ecosystem.

Moreover, while other smart contract networks like Ethereum play an active role in tokenization, Solana’s capabilities in speed and efficiency are noteworthy. The expanding tokenization efforts offer investors advantages such as shorter transaction times and increased transparency.

Cosmo Jiang and Eric Wallach: “Innovation may not start on Solana, but it is ultimately heading there.”

Franklin Templeton’s transition to Solana signifies the evolution of blockchain technology and digital transformation in the finance sector. The goal is to establish a more dynamic structure in the future of digital finance through the tokenization of traditional assets.

Anthony Scaramucci: “Solana’s speed and efficiency provide significant advantages in tokenization.”

These developments present valuable insights for the sector regarding the integration of different asset classes and the acceleration of transaction processes in the digital transformation of financial markets. New digital solutions enable market participants to monitor dynamics closely, helping to ensure reliable data flow in the economy.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 13 February, 2025 - 6:05 am 13 February, 2025 - 6:05 am
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