Franklin Templeton Expands $FOBXX to Solana’s Fast Network

TL;DR Franklin Templeton has integrated its FOBXX fund into Solana to leverage its speed and security, expanding its availability beyond networks like Ethereum, Base, and Polygon. The fund maintains a stable $1 per share price and is backed 99.5% by U.S. government securities, cash, and repurchase agreements. The announcement aligns with growing institutional interest in ... source: https://crypto-economy.com/franklin-templeton-expands-fobxx-to-solanas-fast-network/