Franklin Templeton Plans Mutual Fund on Solana

Franklin Templeton, which has $1.3 trillion in assets under management, announced plans at Solana's Breakpoint conference to launch a mutual fund on Solana. The fund would pool investments into a diversified portfolio of securities such as stocks and bonds, a different offering from the firm's earlier tokenized funds. The article notes that the move follows similar tokenized fund efforts on Solana by Libre, backed by Brevan Howard's WebN Group and Nomura's Laser Digital. Franklin Templeton previously launched a Bitcoin ETF, an Ethereum ETF, and an onchain treasuries fund on Stellar, Polygon and Arbitrum.