Franklin, which manages assets worth $1.5 trillion, expresses optimism about Solana.
Franklin Templeton Investments, one of the leading global asset management companies, expressed its optimistic stance towards the Solana (SOL) project.
The company's team explained the reasons why Solana is a major player in the industry and how it will impact the future in this field.
This support by Franklin Templeton is considered an important bullish catalyst for SOL.
According to the company, these developments go beyond just Bitcoin (BTC) and Ethereum (ETH) – the two most prominent players in this sector.
Franklin Templeton confirmed that Solana has emerged as a major player in this field.
The asset management company also believes that the Solana blockchain has seen an increase in adoption and continues to grow and mature.
The company indicated that Solana is showing remarkable growth by overcoming the obstacles of technological development, and that the network shows great potential thanks to its homogeneous structure with high productivity.
Franklin Templeton is also one of the issuers of spot Bitcoin ETFs in the US, having received approval earlier this year.
The company led a Series A funding round for Bitcoin Layer-2 blockchain Bitlayer Labs, raising $11 million at a $300 million valuation on July 23.