Solana News Today: Franklin Templeton Launches Mutual Fund on Solana Blockchain

At Solana Breakpoint 2024 in Singapore, the atmosphere was electric with excitement as the Solana community gathered to witness groundbreaking updates. SolanaFloor recently shared some exciting news on X: Franklin Templeton, a global asset manager overseeing $1.3 trillion in assets, plans to launch a mutual fund on the Solana blockchain.

This announcement was made during the Solana Breakpoint 2024 event, highlighting the increasing institutional interest in the blockchain space.

Franklin Templeton’s move could be a game changer, signaling mainstream financial institutions’ growing confidence in Solana’s technology.

This partnership might boost Solana’s standing in the financial world, showcasing its scalability, speed, and security for asset management and other use cases. The adoption of Solana by such a major player could further propel the network’s ecosystem and influence future developments in decentralized finance (DeFi).

Other Key Announcements

At Solana Breakpoint 2024, Jupiter Exchange made several major announcements that could significantly boost the Solana ecosystem.

The decentralized exchange (DEX) revealed it has acquired SolanaFM, a native Solana data explorer, and Coinhall, a leading Cosmos aggregator.

These acquisitions aim to enhance Jupiter’s data and trading capabilities, with Coinhall integrating its cross-chain expertise into Jupiter’s products.

Additionally, Jupiter is set to launch its Jupiter Mobile platform, making crypto trading seamless with zero fees and easy SOL purchases via Apple Pay or Google Pay.

This could onboard millions of new users into the Solana ecosystem. Following the news, Solana’s Jupiter jumped by 12%, while Solana’s price saw a whopping 9% rise. 

Perps V2, Metropolis API, and Jupiter Mobile have also been released at the event so far. Getting Solana ready as a future of blockchain, Reown (formerly WalletConnect) launched its Solana Appkit, a developer toolkit designed to simplify building on the Solana blockchain.

The platform aims to boost Solana connectivity and expand its user base. Reown, renowned for its vast EVM network, facilitates over 15 million monthly wallet connections across 100+ blockchains.