The post Solana News Today: Franklin Templeton Expands $594M Money Fund to Solana and Bolsters Institutional Adoption appeared on BitcoinEthereumNews.com.

Franklin Templeton’s decision to expand its $594 million OnChain Money Market Fund to Solana is a big step toward bringing institutional finance into blockchain.  As major financial firms turn to Solana’s fast and efficient network, new projects like PlutoChain ($PLUTO) are getting ready to tackle other challenges. With 2-second block time and built-in DeFi features, PlutoChain’s Layer-2 solution could help Bitcoin handle payments faster and more efficiently. We’ll take a closer look at how both Solana and PlutoChain might shape the future of blockchain in different but important ways. What Does Franklin Templeton’s $594M Move Mean for Solana’s Future? Franklin Templeton has expanded its OnChain U.S. Government Money Market Fund (FOBXX) to Solana. Previously available on networks like Ethereum and Avalanche, the fund now benefits from Solana’s fast and low-cost transactions. This move is part of a larger trend where traditional financial assets are being integrated into blockchain technology to improve efficiency and settlement speed.  Solana has been gaining momentum as a top choice for tokenized assets and decentralized trading, now accounting for over 90% of new tokens on decentralized exchanges, a huge leap from just 1% in late 2023. Franklin Templeton’s decision reflects Solana’s rising importance in finance and shows that institutions have more and more trust in blockchain for real-world asset management. Solana is currently trading at around $192.55, down 0.9% in the last 24 hours. The 24-hour trading volume is $4.28 billion. Crypto Lalit says Solana has broken above trendline resistance and could reach $320-$340 soon, as long as the market remains bullish. How PlutoChain ($PLUTO) Could Revolutionize Bitcoin With Faster Transactions, Lower Fees, and Seamless DeFi Integration Bitcoin is the most secure and decentralized cryptocurrency, but it struggles with slow transactions and high fees.  The network can only process 3 to 7 transactions per second, which…

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Filed under: News - @ February 19, 2025 7:27 am