Franklin Templeton’s extension of FOBXX to Solana highlights Solana’s emergence as a leading blockchain for tokenization, driven by high throughput and leadership in new tokens (especially memecoins)

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Solana has emerged as the leading venue for new tokens (mostly memecoins) and decentralized trading

Franklin Templeton, which manages $594 million worth of tokenized Treasuries, is an early mover onto Solana, the scalable blockchain that had a breakout year in 2024, largely due to the adoption of memecoins

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