Franklin Templeton has joined the asset managers waiting in line for approval of a Solana spot exchange-traded fund (ETF). It filed an S-1 form with the United States Securities Exchange Commission (SEC) on Feb.

Franklin Templeton, a US-based financial services company with $1.6 trillion worth of assets under management, announced on Feb. 12 that it had launched its OnChain US Government Money Fund (FOBXX) on layer-1 blockchain Solana.

Franklin Templeton, a global investment management company announced the launch of its tokenized money fund ‘FOBXX’ on Solana blockchain.

Franklin Templeton filed for an exchange-traded fund on Friday that will track the spot price of Solana , reflecting the growing interest among asset managers to profit from the popularity of cryptocurrencies beyond bitcoin .

Franklin Templeton has launched a new cryptocurrency ETF (under the ticker EZPZ), exposing investors to Bitcoin and Ethereum.