# Franklin Templeton Plans Mutual Fund on Solana

*Author: David Christopher*
*Published: Sep 20, 2024*
*Source: https://www.bankless.com/franklin-templeton-plans-mutual-fund-on-solana*

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Franklin Templeton, a major asset manager with $1.3T in assets under management, announced plans at Breakpoint to launch a [mutual fund on Solana](https://x.com/SolanaFloor/status/1837038360101007577). 

### What's the scoop?
- **Diversified Investments: **The mutual fund would pool investments for a diversified portfolio of securities such as stocks and bonds, offering a new service different from FT’s previous tokenized funds.
- **RWA Evolution: **This announcement follows [similar moves by firms](https://www.bankless.com/stablecoins-rwas-solana#rwas-on-solana) like Libre, which is backed by Brevan Howard’s WebN Group and Nomura’s Laser Digital, to tokenize funds on Solana, including high-yield vehicles like the Hamilton Lane SCOPE fund and Brevan Howard’s Master Fund.

### Bankless Take:
Franklin Templeton’s announcement starts Breakpoint off on a high note, accelerating the traction of RWAs on Solana. After launching a Bitcoin ETF, then an Ethereum ETF, [Franklin Templeton](https://www.theblock.co/post/309989/franklin-templeton-fobxx-benji-arbitrum) has ventured into tokenized funds, launching an onchain treasuries fund on Stellar and Polygon, and recently expanding it to Arbitrum. The launch of a new mutual fund product on Solana, if it ends up being that rather than just an extension of their existing treasuries fund, could be seen as a christening of the chain for further involvement and long-term investment. 

> Franklin TempletonFranklin Templeton plans to launch a mutual fund on the blockchain.They manage assets worth 1.3 TRILLION dollars. [pic.twitter.com/TsBKUygjBs](https://t.co/TsBKUygjBs)— gumshoe (@0xGumshoe) [September 20, 2024](https://twitter.com/0xGumshoe/status/1837102882979549202?ref_src=twsrc%5Etfw)
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