BNB Chain Becomes Largest Network for Franklin Templeton’s $1.5B BENJI Fund

Franklin Templeton has significantly expanded its $1.5 billion BENJI tokenized money market fund by integrating it onto the BNB Chain, which now serves as the fund's primary network. Data from RWA.xyz indicates that BNB Chain currently hosts approximately $1.5 billion in BENJI assets, accounting for 61.71% of the fund's total value after a 1,226% monthly increase. This strategic shift has relegated the Stellar network, the fund's original foundation, to second place with $583 million in assets, representing 23.76% of the total. Ethereum remains the third-largest host with $159.1 million, while Base, Arbitrum, and Avalanche hold smaller combined allocations. By adopting a multi-chain approach, Franklin Templeton aims to enhance investor accessibility through networks offering lower transaction costs and faster processing speeds. This development underscores a broader trend of major financial institutions transitioning from pilot projects to full-scale, multi-chain deployment of regulated financial products. The move highlights the intensifying competition among blockchain networks to capture liquidity from traditional asset managers seeking to modernize their distribution channels.