#BENJI
5 articles tagged #BENJI — curated RWA tokenization coverage.
#FranklinTempleton#Tokenization#MoonPay#Stablecoins#PrivateCredit#RWA#SCRYPT#TokenizedFunds#TreasuryManagement
6.5
U.S. Treasuries
How Scrypt’s On-Chain Treasury Move With BENJI Has Changed Franklin Resources’ (BEN) Investment Story
Franklin Resources is leveraging its BENJI on-chain money fund to modernize its investment narrative amidst ongoing fee pressure and market volatility. The recent integration with Scrypt Swiss AG serves as a strategic move to bolster the firm's blockchain credentials and expand the utility of its tokenized products. This initiative is further supported by a June 2026 partnership with MoonPay, which aims to broaden distribution channels for the BENJI fund. While these developments highlight Franklin's commitment to digital asset innovation, analysts remain divided on whether these efforts will generate significant revenue in the near term. Current financial projections for 2029 estimate revenues of $8.7 billion, though optimistic scenarios suggest potential for $9.3 billion if tokenization efforts scale effectively. The core challenge for Franklin Resources remains balancing the uncertain economic payoff of these digital initiatives against the structural decline in traditional management fees. Ultimately, the success of the BENJI ecosystem will depend on its ability to transition from a technological experiment into a high-margin revenue driver for the firm.
8.5
U.S. Treasuries
Franklin OnChain U.S. Government Money Fund BENJI from Franklin Resources Inc. - tokenized cash with - Ad-hoc
The Franklin OnChain U.S. Government Money Fund, known as BENJI, represents a significant integration of traditional mutual fund structures with public blockchain technology. By tokenizing shares of a fund that invests in U.S. government securities and repurchase agreements, Franklin Resources enables investors to hold and transfer assets via digital wallets rather than traditional account systems. This product maintains a stable one-dollar net asset value, offering yield derived from short-term government paper rather than crypto-native lending protocols. The fund utilizes traditional custody rails for the underlying assets while recording ownership on a public blockchain to facilitate near-real-time settlement. Strategic partnerships with firms like SCRYPT and Cap demonstrate the growing utility of BENJI as a treasury management tool for digital-asset platforms. While the fund offers modern plumbing for familiar risk, adoption remains primarily focused on crypto-native firms due to the operational requirements of managing private keys and on-chain compliance. Ultimately, BENJI serves as a flagship experiment for Franklin Resources to bridge the gap between legacy asset management and the evolving digital infrastructure of the financial sector.
8.0
Credit (Private Credit)
Cap Onboarded as a BENJI Client, Adding Franklin Templeton's Tokenized Money Market Fund as a Supported Deposit Asset
Credit platform Cap has been onboarded as a client for Franklin Templeton’s BENJI, the longest-running tokenized money market fund, allowing the fund to serve as a supported deposit asset. This integration follows Cap’s successful completion of a rigorous compliance review by Franklin Templeton Digital Assets, marking a significant milestone for the platform. BENJI, which launched in 2021, currently manages over $2.5 billion in onchain assets across its broader suite, with more than $800 million held specifically in the tokenized fund. By enabling BENJI holders to access Cap’s infrastructure, the partnership bridges traditional finance with decentralized credit markets. This development highlights the growing institutional confidence in Cap, which previously received seed funding from Franklin Templeton in 2025. Cap utilizes blockchain technology to offer an automated credit marketplace featuring onchain principal protection and secured yields for depositors. The collaboration underscores a broader trend of integrating established tokenized assets into specialized private credit platforms to enhance liquidity and incentive alignment.
8.0
U.S. Treasuries
Franklin Templeton links on-chain fund BENJI with MoonPay for institutional liquidity hub
Franklin Templeton has integrated its on-chain U.S. Treasury money market fund, BENJI (FOBXX), with MoonPay Trade’s single API to enhance institutional liquidity. This partnership allows institutional investors to swap BENJI tokens directly for USDC and USDT, effectively removing the need for multiple intermediaries. By streamlining the conversion process, the integration creates a robust liquidity hub that supports various DeFi activities, including treasury management, collateralized lending, and portfolio rebalancing. This development marks a significant advancement in bridging traditional asset management with decentralized finance infrastructure. By addressing liquidity fragmentation, the move enables more efficient capital deployment for institutional participants within the on-chain ecosystem. As tokenized real-world assets continue to gain traction, such infrastructure improvements are critical for reducing operational complexity. Ultimately, this collaboration signals a growing convergence between traditional finance and DeFi, potentially accelerating institutional adoption of on-chain financial products.
8.0
U.S. Treasuries
Franklin Templeton Partners with MoonPay to Connect BENJI with Stablecoin Markets
Franklin Templeton has partnered with MoonPay to integrate its BENJI tokenized money market fund with MoonPay’s enterprise-focused onchain execution platform, MoonPay Trade. This collaboration enables qualified institutional clients to seamlessly exchange popular stablecoins, specifically USDC and USDT, for exposure to Franklin Templeton’s blockchain-based money market vehicles. By merging the Benji Technology Platform with MoonPay’s unified API, the integration simplifies liquidity operations, collateral management, and portfolio adjustments for corporate users. This development marks a significant step in embedding regulated, tokenized cash-management solutions directly into broader cryptocurrency ecosystems. As Franklin Templeton manages approximately $1.74 trillion in assets, the move highlights the growing institutional demand for efficient, blockchain-native financial instruments. The partnership effectively bridges the gap between cash-equivalent stablecoins and interest-generating fund products, reinforcing BENJI's utility as a compliant treasury tool. Ultimately, this integration demonstrates the ongoing evolution of institutional onchain infrastructure and the increasing adoption of tokenized assets for routine financial operations.