ChainCatcher reports that Solana announced on social media that Franklin Templeton plans to launch a money market fund on Solana. Mike Reed from Franklin Templeton, during the Solana Breakpoint conference, highlighted Solana's technology, including its high speed, low cost, modern architectural innovations (such as token scaling and developer tools), and its community, explaining why they chose to build on Solana. Once launched, Franklin Templeton will become the first asset management company to issue securities on Solana under a public registration statement with the US Securities and Exchange Commission.

Additionally, at Breakpoint, Mark Attard from Citi discussed Citi's hopes for its on-chain future, including connecting its infrastructure to the world beyond Citi and tokenizing more assets. He also noted that Citi has been researching Solana's technology and ecosystem and exploring opportunities to leverage it.