Franklin Templeton has expanded its On-chain U.S. Government Money Market Fund (FOBXX) to the Solana blockchain, further strengthening its presence in the digital asset space.

The move, announced on Wednesday, adds Solana to the list of supported networks, which already includes Stellar—its primary blockchain—along with Ethereum, Coinbase’s Base, Aptos, and Avalanche.

Franklin Templeton, a global investment management firm, has been actively integrating blockchain technology into traditional financial markets. Its FOBXX fund, the third-largest tokenized money market fund, provides investors exposure to U.S. government securities while leveraging blockchain for enhanced efficiency and transparency.

Moreover, earlier this month, Franklin Templeton established a trust in Delaware, suggesting a possible step toward entering the competition for a spot Solana exchange-traded fund (ETF) in the U.S., further extending its blockchain reach.

The "Franklin Solana Trust," registered on Feb. 10 by the CSC Delaware Trust Company, follows similar moves by other asset managers, including Grayscale, Bitwise, VanEck, 21Shares, and Canary Capital.

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While this step does not guarantee an ETF filing, it often precedes formal submissions to the U.S. Securities and Exchange Commission (SEC). If approved, the ETF would track Solana’s price, currently at a market capitalization of approximately $95 billion.

Franklin Templeton has not yet confirmed where the ETF would be listed, but its existing Bitcoin and Ether ETFs trade on the Cboe BZX exchange.