SolanaFloor, a news platform focusing on Solana, said that Citibank is exploring the potential of the popular altcoin Solana (SOL).
Citibank, the 4th largest bank in the United States, aims to leverage blockchain technology for seamless money transfers and advanced smart contracts in the future by leveraging Solana, according to SolanaFloor.
🚨BREAKING BIG: @Citibank is exploring @Solana's potential, looking to utilize blockchain technology for seamless money transfers and advanced smart contracts in the future.
(Citi Bank is the 4th largest bank in the US🇺🇸). pic.twitter.com/zLivuQlJ3m
— SolanaFloor (@SolanaFloor) September 20, 2024
Solana (SOL) Move from Franklin Templeton!
SolanaFlooer also claimed that Franklin Templeton will launch an investment fund on the Solana blockchain.
SolanaFloor stated that this announcement was made at the Solana Breakpoint 2024 Conference in Singapore.
Accordingly, Franklin Templeton, a global asset manager with $1.5 trillion in assets under management, reported that it plans to launch an investment fund on the Solana blockchain.
Franklin Templeton currently has on-chain US government monetary funds (FOBXX) on the Stellar, Polygon, and Arbitrum networks.
Franklin Templeton has previously praised Solana, citing SOL as a strong candidate for the next cryptocurrency ETF.
Solana is up 8% in the last 24 hours and is trading at $150.4 at the time of writing.
*This is not investment advice.
