Latest Solana (SOL) News: Franklin Templeton's Bold Move into Blockchain
Franklin Templeton's Strategy in Blockchain
Franklin Templeton, a global asset manager with $1.3 trillion in AUM, has announced an exciting plan to launch a mutual fund natively on the Solana blockchain during the Solana Breakpoint 2024 event in Singapore.
This move highlights increasing interest from traditional finance (TradFi) firms in blockchain technology, particularly within decentralized finance (DeFi).
Emphasizing Blockchain's Potential
Mike Reed, Franklin Templeton’s partnership development lead, shared the firm’s plans, stating that blockchain enhances efficiency and lowers costs, which are crucial for asset managers aiming to improve operational processes.
- Franklin Templeton’s interest in money markets aligns with blockchain's capabilities.
- Blockchain can support a transactional economy.
- It handles high transaction volumes efficiently.
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