Franklin Templeton taps DigiFT to distribute BENJI tokenized MMF in Asia

Franklin Templeton has entered a strategic partnership with Singapore-based DigiFT to expand the distribution of its BENJI tokenized money market funds to accredited and institutional investors throughout Asia. DigiFT, which operates under Capital Markets Services and Recognised Market Operator licenses from the Monetary Authority of Singapore, will facilitate access to these digital assets. The BENJI platform currently maintains a market capitalization exceeding $800 million, marking a significant milestone for Franklin Templeton's blockchain-based offerings. Since launching its first tokenized mutual fund in 2021, the asset manager has successfully expanded its footprint across the U.S., Luxembourg, Hong Kong, and Singapore. The funds utilize an intraday yield mechanism that calculates accrual at one-second resolution, providing enhanced efficiency for investors. Tokens are designed for 24/7 transferability between permissioned wallets with near-instant on-chain settlement. Franklin Templeton is actively positioning these tokenized products to serve as critical tools for corporate treasury management and off-exchange collateral.

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