BNB Chain Becomes Main Network For Franklin Templeton’s Benji Assets

BNB Chain has emerged as the primary host for Franklin Templeton’s Benji platform, currently securing approximately $1.5 billion in tokenized money market fund assets. This figure accounts for 61.7% of the platform’s total $2.44 billion under management, effectively surpassing both Stellar and Ethereum in asset distribution. While Benji remains a multi-chain platform, this shift highlights a growing institutional preference for high-throughput, low-cost networks for real-world asset settlement. The development challenges the assumption that Ethereum is the default choice for institutional tokenization, signaling that cost-efficiency and operational reliability are becoming critical factors for asset issuers. By attracting significant institutional capital, BNB Chain gains increased credibility beyond its traditional retail and DeFi focus. This trend underscores a broader market evolution where tokenized finance is becoming a competitive landscape for blockchain networks seeking to host credible financial products. Ultimately, the multi-chain nature of Benji demonstrates that institutional assets are increasingly fluid, moving toward environments that offer the optimal balance of infrastructure, security, and transaction costs.