Franklin Templeton, a global asset manager with $1.3 trillion in assets under management, plans to launch a mutual fund on the Solana blockchain. The announcement was made during the Solana Breakpoint 2024 event, highlighting growing institutional interest in the blockchain space.
Franklin Templeton’s move could be a game changer, signaling growing confidence among mainstream financial institutions in Solana’s technology. This partnership could elevate Solana’s standing in the financial world by demonstrating its scalability, speed, and security for asset management and other use cases. Solana’s adoption by such a major player could further advance the network’s ecosystem and influence future developments in decentralized finance (DeFi).
Decentralized exchange (DEX) Jupiter Exchange announced that it has acquired SolanaFM, Solana’s native data explorer, and Coinhall, a leading Cosmos aggregator. These acquisitions are aimed at expanding Jupiter’s data and trading capabilities, with Coinhall integrating its cross-chain expertise into Jupiter’s products. Additionally, Jupiter is set to launch its Jupiter Mobile platform, which will make crypto trading seamless with zero fees and easy SOL purchases via Apple Pay or Google Pay.
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