According to Foresight News, Solana said that Franklin Templeton announced plans to launch a money market fund on Solana. Mike Reed of Franklin Templeton introduced Solana's technology at the Solana Breakpoint Summit, including its high speed, low cost, modern architecture innovations (such as token expansion and development tools), as well as its community, explaining why it chose to build on Solana. Once online, Franklin Templeton will become the first asset management company to issue securities on Solana based on a public registration statement with the U.S. Securities and Exchange Commission.

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