Franklin Templeton and Citibank have announced significant moves into the Solana blockchain. At the 2024 Solana Breakpoint event, Franklin Templeton revealed the launch of an on-chain mutual fund on Solana, highlighting the cost savings and technological advantages. Franklin Templeton manages $1.4 trillion in assets. Citibank is also exploring opportunities on Solana, following the footsteps of other major asset managers like BlackRock, Fidelity International, and Franklin Templeton, which manages $360B AUM. The tokenization trend is gaining momentum, with Anthony Scaramucci expressing belief in Solana as a platform for this development.