# Franklin Templeton Plans Mutual Fund on Solana

Source: https://www.bankless.com/franklin-templeton-plans-mutual-fund-on-solana
Kiwi News: https://news.kiwistand.com/stories/Franklin-Templeton-Plans-Mutual-Fund-on-Solana?index=0x66edc947ab040bf1e7eb38508d9ec72e4b23a5a68e7a7c79e8076ccc033f37dfbe979730
Submitted by japanese.eth on 2024-09-20 UTC, 1 upvote, 0 comments

## Summary

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.

## Article

The asset manager announced plans for a pooled investment vehicle on the chain at Solana's Breakpoint conference.

Franklin Templeton, a major asset manager with $1.3T in assets under management, announced plans at Breakpoint to launch a mutual fund on Solana.

What's the scoop?

Diversified Investments: The mutual fund would pool investments for a diversified portfolio of securities such as stocks and bonds, offering a new service different from FT’s previous tokenized funds.

RWA Evolution: This announcement follows similar moves by firms like Libre, which is backed by Brevan Howard’s WebN Group and Nomura’s Laser Digital, to tokenize funds on Solana, including high-yield vehicles like the Hamilton Lane SCOPE fund and Brevan Howard’s Master Fund.

Bankless Take:

Franklin Templeton’s announcement starts Breakpoint off on a high note, accelerating the traction of RWAs on Solana. After launching a

Bitcoin ETF, then an

Ethereum ETF, Franklin Templeton has ventured into tokenized funds, launching an onchain treasuries fund on Stellar and Polygon, and recently expanding it to Arbitrum. The launch of a new mutual fund product on Solana, if it ends up being that rather than just an extension of their existing treasuries fund, could be seen as a christening of the chain for further involvement and long-term investment.

Franklin Templeton

Franklin Templeton plans to launch a mutual fund on the blockchain.

They manage assets worth 1.3 TRILLION dollars. pic.twitter.com/TsBKUygjBs

— gumshoe (@0xGumshoe) September 20, 2024

David Christopher

766 posts

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.