Franklin Templeton's Stellar Tokenized Fund Jumps to $1.1 Billion, Topping Ethereum

Franklin Templeton’s tokenized money market fund, known as BENJI, has surpassed $1.1 billion in assets on the Stellar network following a significant $200 million net inflow. This growth positions Stellar as the asset manager's second-largest venue for digital asset operations, notably overtaking Ethereum in this specific capacity. The surge was bolstered by a late $100 million addition to the fund, highlighting the rapid scaling of institutional-grade products on the network. Data from the RWA Foundation and Token Terminal indicates that Stellar now significantly outperforms the XRP Ledger in both unique token holders and monthly asset distribution volume. While Stellar facilitates over $20 billion in monthly stablecoin transfers for commercial payments, the XRP Ledger sees substantially lower activity, suggesting a divergence in real-world utility. This milestone demonstrates that tokenized cash-management products can achieve institutional scale on specialized public blockchains beyond the dominant market leaders. The ongoing integration of Chainlink oracles and a pending joint venture with the DTCC for 2027 further solidify Stellar's role as a critical infrastructure layer for traditional finance.