#FranklinTempleton Expands #BENJI Platform to #BNBChain
The $1.6 trillion asset manager announced integration of its tokenization platform with #BNBChain infrastructure, expanding access to tokenized investment products. The Benji Technology Platform administers shares in Franklin Templeton's OnChain U.S. Government Money Fund, which has grown to $732 million since its 2021 Stellar network debut.
Roger Bayston, head of digital assets at Franklin Templeton, stated the goal involves meeting investors where they're active while maintaining security and compliance standards. The expansion leverages BNB Chain's low-cost, compliance-ready infrastructure to deliver tokenized assets with greater utility across blockchain ecosystems.
The money market fund, backed primarily by government securities, cash, and repurchase agreements, serves 938 holders across eight different blockchains. Supported networks include #Ethereum, Solana, Avalanche, and layer-2 network Base, with one BENJI token representing one fund share.
Franklin Templeton and Binance announced separate collaboration on digital asset products tailored to broad investor ranges. More details about these joint initiatives are expected later this year as both companies expand their tokenization offerings and blockchain integration strategies.
