Franklin Templeton and Citibank have announced plans to adopt the Solana blockchain for their upcoming financial services, signaling growing interest from traditional finance in DeFi solutions. Franklin Templeton, with $1.4 trillion in assets under management, will launch a native mutual fund on Solana, citing its cost efficiency and scalability. Citibank, meanwhile, is exploring Solana's potential for cross-border payments and smart contracts, positioning the blockchain as a key player in their future strategies. Both firms highlighted Solana's ability to handle large transaction volumes at low cost, marking a significant step toward broader blockchain adoption in the financial industry. Source CryptoSlate
