what's Franklin Templeton Benji?
Benji is Franklin Templeton's blockchain-powered investment platform that tokenizes traditional assets like money market funds, enabling on-chain access for institutional and individual investors. It leverages multiple layer-1 blockchains to issue tokenized shares, providing seamless integration with DeFi ecosystems while maintaining the backing of high-quality, regulated funds. The platform supports deployments across chains such as Avalanche, BNB Chain, Solana, Base, Polygon, and Arbitrum, with the BENJI token representing redeemable shares in the underlying funds. This setup allows for 24/7 trading, programmable features, and composability in blockchain environments.
Franklin Templeton Benji was consideration in Franklin Templeton's acquisition of a CoinFund spinoff.
Used as consideration in Franklin Templeton's acquisition of a CoinFund spinoff to build Franklin Crypto, an end-to-end crypto asset management platform.
Reached $441M TVL in RWAs on Aptos by mid-December 2025, ranking top 3-4 for onchain RWAs. Featured in Spiko Finance's on-chain dashboard alongside BUIDL, OUSG, USYC, highlighted by Dune Analytics as an RWA data benchmark.
Runs BENJI/FOBXX on-chain U.S. Government Money Fund on Aptos, mentioned for wrapped Treasuries and money market tokenization at Blockworks DAS conference on March 30, 2026.
Launched off-exchange collateral program with Binance, allowing tokenized money market fund shares to be used as collateral in third-party custody.