Franklin Templeton and Citibank Announce Moves into Solana at 2024 Breakpoint

Franklin Templeton and Citibank have announced significant moves into the Solana blockchain.

At the 2024 Solana Breakpoint event, Franklin Templeton revealed the launch of an on-chain mutual fund on Solana, highlighting the cost savings and technological advantages. Franklin Templeton manages $1.4 trillion in assets.

Citibank is also exploring opportunities on Solana, following the footsteps of other major asset managers like BlackRock, Fidelity International, and Franklin Templeton, which manages $360B AUM. The tokenization trend is gaining momentum, with Anthony Scaramucci expressing belief in Solana as a platform for this development.

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