Franklin Templeton has expanded its OnChain U.S. Government Money Market Fund (FOBXX), currently valued at $594 million, to include Solana among the blockchains supporting it. FOBXX is now the third-largest tokenized money market fund, already accessible on Ethereum, Base, Aptos, and Avalanche. This addition signals growing interest in Solana for tokenization, particularly after Securitize's initiatives involving tokenized real-world assets on the network. Solana is increasingly recognized for its functionality in decentralized trading and new token issuance, reporting a significant rise in market activity. Although Ethereum remains the leading blockchain for tokenization with a 52% market share, Solana is making strides, having recently surpassed 90% of new token appearances in decentralized exchanges. Institutional interest in real-world asset tokenization is also evident, as traditional financial assets increasingly transition to blockchain environments for enhanced efficiency. Franklin Templeton's action reflects a broader trend of financial institutions engaging with blockchain technology.

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