Bitchat Sees Rapid Uptake in Iran During Nationwide Internet Blackout
Franklin Templeton brings $780M BENJI tokenized fund to VeChain network
(Originally posted on : VeChain News, Latest Stories & Analysis | Invezz )
Asset management behemoth Franklin Templeton has partnered with VeChain, to deploy its BENJI platform on the layer-1 blockchain.
According to a July 24 announcement, the integration will allow businesses on VeChain to access Franklin Templeton’s tokenized money market fund, offering an additional stablecoin-like payment and cash management tool.
BitGo will serve as the custody partner for this expansion, while Keyrock will provide derivatives trading services.
What is Franklin Templeton’s BENJI?
The BENJI platform enables tokenized access to Franklin Templeton’s OnChain US Government Money Fund (FOBXX), which is currently valued at around $780 million.
Each BENJI token represents a share in the fund, which seeks to maintain a stable $1 value by investing in government securities, cash, and repurchase agreements.
Launched in 2021, the Franklin OnChain US Government Money Fund was among the first SEC-registered funds to use public blockchain infrastructure for recordkeeping.
Through BENJI, the firm offers institutional and enterprise clients a blockchain-based solution for accessing short-term US government securities, while maintaining regulatory compliance and offering stable value.
VeChain, a blockchain platform focused on real-world applications, will now host the BENJI platform as part of Franklin Templeton’s multi-chain strategy.
VeChain’s dual-token system and low-cost infrastructure are seen as suitable for money market operations.
The move also gives VeChain-based enterprises a new tokenized liquidity option.
The collaboration strengthens Franklin Templeton’s distribution strategy and also gives VeChain a foothold in the tokenized asset space.
With BitGo and Keyrock joining the initiative, the integration brings together custody, trading, and tokenized assets under one enterprise-focused framework.
BENJI available across multiple blockchains
Before integrating with VeChain, Franklin Templeton had launched the BENJI platform on several other blockchains.
The fund first gained traction through the Stellar network, which remains its largest base with over $430 million in assets.
BENJI has since expanded to Ethereum, Arbitrum, Polygon, Base, Avalanche, and Aptos, making it one of the most widely deployed tokenized funds across chains.
Across these networks, the BENJI platform has become one of the most widely held tokenized government money funds.
According to data from RWA.xyz, FOBXX currently has the highest number of individual holders among its peers, with 690 wallet addresses participating.
Franklin Templeton’s growing presence in the tokenization market
Franklin Templeton has been increasingly active in the tokenization space.
The asset management company has positioned itself at the forefront of the real-world asset (RWA) sector by integrating regulated financial products into blockchain ecosystems.
It is also one of three asset managers selected by ArbitrumDAO to manage US Treasury exposure through tokenized offerings, alongside Spiko and WisdomTree.
The BENJI fund was allocated 35% of ArbitrumDAO’s 35 million ARB treasury diversification program under STEP 2, a strategic initiative to allocate idle capital into yield-generating assets.
In terms of global expansion, the company got the regulatory nod to launch its first tokenized fund for retail investors in Singapore earlier this year.
Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
TRON 
Lido Staked Ether 
Dogecoin 
Figure Heloc 
Cardano 
Bitcoin Cash 
Wrapped stETH 
WhiteBIT Coin 
Wrapped Beacon ETH 
Wrapped Bitcoin 
Wrapped eETH 
USDS 
Monero 
Chainlink 
Binance Bridged USDT (BNB Smart Chain) 
LEO Token 
WETH 
Stellar 
Coinbase Wrapped BTC 
Sui 
Ethena USDe 
Zcash 
Litecoin 
Avalanche 
Hyperliquid 
Canton 
Hedera 
Shiba Inu 
USDT0 
sUSDS 
World Liberty Financial 
Dai 
Toncoin 
Cronos 
Ethena Staked USDe 
PayPal USD 
Uniswap 
USD1 
Polkadot 
Mantle 
Rain 
MemeCore 
Bittensor 
Aave 
Bitget Token 
Pepe 
Tether Gold 
OKB 
NEAR Protocol 
Falcon USD 
Jito Staked SOL 
Ethereum Classic 
Binance-Peg WETH 
Ethena 
Pi Network 
POL (ex-MATIC) 
BlackRock USD Institutional Digital Liquidity Fund 
PAX Gold 
Internet Computer 
Aster 
Wrapped SOL 
HTX DAO 
Jupiter Perpetuals Liquidity Provider Token 
Circle USYC 
Global Dollar 
Worldcoin 
Binance Staked SOL 
KuCoin 
Pump.fun 
syrupUSDC 
Ripple USD 
Sky 
Aptos 
Render 
BFUSD 
Wrapped BNB 
Provenance Blockchain 
Rocket Pool ETH 
Binance Bridged USDC (BNB Smart Chain) 
Cosmos Hub 
Kaspa 
Ondo 
Gate 
Midnight 
Algorand 
Arbitrum 
Kelp DAO Restaked ETH 
Official Trump 
Filecoin 
MYX Finance 
Bridged Wrapped Lido Staked Ether (Scroll) 
Lombard Staked BTC 
VeChain 
Function FBTC