Franklin Templeton, a $ 1.6 trillion financial services company, launched a US government fund fund at Solana.
Franklin Templeton, a US-based financial services company, which is valued at $ 1.6 trillion of management assets, announced on February 12 that it launched the Fobxx Government Fund at Layer-1 Blockchain Solana. This step represents the latest expansion of Fobxx, which was launched in 2021, to another Blockchain.
FOBXX invests nearly 100 % of its US government securities, criticism and fully guaranteed re -purchase agreements with the minimum credit risk. As of January 31, 2025, the fund had a total of $ 512 million of assets with an actual return for seven days of 4.2 %.
“With this development, Franklin Templeton is expanding the Blockchain fingerprint in Class 1 as Solana continues to develop the ecosystem for institutional participants,” said a representative from Franklin Timbalton.
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