Franklin Templeton, a global investment management firm, is reportedly planning to launch a mutual fund on the Solana network. According to SolanaFloor, a Solana-focused news platform, Franklin Templeton aims to further expand its reach into the blockchain space. The firm currently operates an on-chain U.S. government money market fund (FOBXX) on multiple blockchain networks, including Stellar (XLM), Polygon (POL), and Arbitrum (ARB). The upcoming Solana-based mutual fund demonstrates Franklin Templeton's commitment to exploring the potential of blockchain technology in the investment industry. Solana, known for its high transaction speeds and low fees, has emerged as a popular choice for decentralized finance (DeFi) applications and Web3 projects. By launching a mutual fund on Solana, Franklin Templeton can potentially tap into a growing ecosystem and offer its clients access to innovative investment opportunities.