#FOBXX
10 articles tagged #FOBXX — curated RWA tokenization coverage.
Franklin Templeton Wins SEC Staff Relief for Its $721M Onchain Fund
Franklin Templeton has received SEC staff clearance to integrate its $721 million blockchain-based money market fund, the Franklin OnChain U.S. Government Money Fund (FOBXX), into its conventional mutual funds and ETFs. This development marks a significant milestone as the first U.S. regulatory relief allowing digitally native products to be held within traditional investment portfolios. The SEC staff provided this relief by setting aside specific custody provisions of the Investment Company Act of 1940, provided that Franklin Templeton adheres to twelve strict operational conditions. These conditions include annual board reviews, independent public accountant verification of holdings, and the retention of administrative control over smart contracts by Franklin Templeton Investor Services. By utilizing the Stellar blockchain, the firm aims to use these tokenized shares for cash balances and securities lending collateral. This move bridges the gap between legacy financial structures and blockchain-based assets, potentially increasing the utility of tokenized funds. The decision sets a precedent for other investment managers, as the SEC's letter explicitly names 23 additional firms that could benefit from similar arrangements.
Franklin Templeton Expands Tokenized Money Market Fund Into Asia Through HashKey
Franklin Templeton has officially expanded its tokenized money market fund, the Franklin OnChain U.S. Government Money Fund (FOBXX), into the Asian market through a strategic partnership with HashKey Group. This expansion allows qualified investors in the region to access the fund, which is built on the Stellar blockchain, via HashKey's digital asset platform. By leveraging HashKey's regulatory compliance and infrastructure, Franklin Templeton aims to bridge the gap between traditional financial instruments and decentralized finance for Asian institutional and professional clients. The FOBXX fund, which maintains a stable net asset value of $1 per share, represents a significant milestone in the global adoption of tokenized U.S. Treasuries. This move underscores the growing demand for blockchain-based yield-bearing assets outside of North America. As major asset managers continue to integrate blockchain technology, this partnership signals a broader trend of institutionalizing RWA tokenization on a global scale. The integration provides Asian investors with a regulated, transparent, and efficient way to gain exposure to U.S. government securities through digital tokens.
Franklin Templeton Gets SEC Relief to Bring Tokenized Funds Into Traditional Portfolios
Franklin Templeton has secured regulatory relief from the U.S. Securities and Exchange Commission, enabling the integration of its tokenized investment funds into traditional brokerage portfolios. This development marks a significant shift in the accessibility of blockchain-based assets, as it allows financial advisors to incorporate the Franklin OnChain U.S. Government Money Fund (FOBXX) directly into standard client accounts. By bridging the gap between decentralized ledger technology and legacy financial infrastructure, the firm aims to streamline the operational workflow for wealth managers. The SEC's decision removes a critical friction point that previously hindered the adoption of tokenized securities within mainstream investment vehicles. This move signals a growing institutional confidence in the interoperability of RWA protocols with existing custodial frameworks. As a result, investors can now gain exposure to tokenized government debt without navigating the complexities of self-custody or specialized digital asset platforms. This milestone underscores the broader industry trend of normalizing tokenized assets as legitimate components of diversified, traditional investment strategies.
Franklin Templeton: SEC Clears Onchain Fund Custody
Franklin Templeton has secured a significant no-action letter from the SEC Division of Investment Management regarding its OnChain U.S. Government Money Fund, known as FOBXX. This regulatory relief permits the fund to be utilized for cash management and as collateral for securities lending, moving beyond traditional physical-securities settlement requirements. By enabling ownership to be recorded directly on its blockchain-integrated system, the firm can now facilitate intraday trading and more efficient collateral management. This development marks a pivotal shift in how institutional-grade money market funds interact with distributed ledger technology. It effectively bridges the gap between legacy financial infrastructure and blockchain-based settlement, enhancing the utility of tokenized assets. For the broader RWA market, this approval signals a growing regulatory comfort with using on-chain assets for complex financial operations. The move underscores the increasing integration of tokenized government securities into mainstream institutional workflows.
SCRYPT Integrates Franklin Templeton’s BENJI for On-Chain Treasury
Swiss-regulated digital asset infrastructure provider SCRYPT has integrated Franklin Templeton’s BENJI platform to manage its internal corporate treasury using tokenized money market funds. By utilizing the FOBXX fund, which records share ownership on a public blockchain, SCRYPT gains access to 24/7 intraday liquidity that traditional banking infrastructure cannot provide. This integration addresses the critical gap between the round-the-clock nature of crypto markets and the T+1 settlement constraints of conventional financial systems. By deploying this solution on its own balance sheet first, SCRYPT is testing operational resilience and regulatory compliance before potentially offering the model to its institutional clients. This move highlights a growing trend where infrastructure providers leverage tokenized real-world assets to mitigate basis risk while maintaining yield on idle cash. The integration underscores the maturity of Franklin Templeton’s BENJI as a distribution mechanism for institutional investors seeking on-chain treasury management. Ultimately, this development signals a shift toward more sophisticated, blockchain-native treasury operations within the Swiss regulatory framework.
Tokenized Money Market Funds could transform how companies manage cash, says Franklin Crypto CIO
Franklin Templeton's Crypto CIO Roger Bayston highlights the transformative potential of tokenized money market funds for corporate treasury management. By utilizing blockchain technology, these funds offer enhanced liquidity and operational efficiency compared to traditional financial instruments. The Franklin OnChain U.S. Government Money Fund (FOBXX) serves as a primary example, having already integrated blockchain rails to provide investors with transparent, real-time tracking of assets. This shift allows companies to manage cash reserves with greater precision while reducing the friction associated with legacy settlement systems. As institutional interest grows, the ability to programmatically interact with tokenized assets is becoming a critical differentiator for financial service providers. The integration of these funds into broader decentralized finance ecosystems signals a maturation of the RWA sector. Ultimately, this evolution suggests that tokenization will become a standard component of institutional capital management, bridging the gap between traditional finance and digital asset infrastructure.
Franklin Templeton leads tokenized treasuries with over 100% YTD growth in its BENJI fund
Franklin Templeton’s BENJI tokenized money market fund, representing the Franklin OnChain US Government Money Fund (FOBXX), has surpassed $2.5 billion in assets under management. Launched on the Stellar blockchain in 2021, the fund serves as a pioneer for US-registered mutual funds utilizing public distributed ledger technology for record-keeping. Beyond passive holdings, the fund recorded over $211 million in cumulative peer-to-peer transfer volume by March 2026, signaling active on-chain utility. The firm is aggressively expanding its ecosystem through a partnership with DigiFT for Asian market access and an integration with MoonPay Trade for institutional stablecoin swaps. Furthermore, a landmark on-chain Treasury transaction executed via Tradeweb on the Canton Network in July 2026 highlights the growing institutional adoption of blockchain for fixed-income trading. While the fund remains a small fraction of Franklin Templeton’s $1.74 trillion total assets, its rapid growth trajectory underscores the increasing viability of tokenized government debt. This expansion demonstrates a shift toward integrating traditional financial infrastructure with blockchain-based settlement systems.
Franklin Templeton BENJI Data Shows Stellar Still Anchors Holder Base
Franklin Templeton’s BENJI suite, representing the Franklin OnChain U.S. Government Money Fund (FOBXX), has reached $1.98 billion in assets across nine different blockchains. Launched in April 2021, this initiative stands as one of the longest-running regulated tokenized fund experiments in the public blockchain market. While the fund has expanded its institutional reach to networks like Ethereum, Base, and Solana, Stellar remains the primary anchor for the project. Data indicates that 95% of the fund's 1,023 distinct holders are concentrated on the Stellar network, which continues to lead in RWA inflows. The BENJI token maintains a $1.00 NAV and provides investors with exposure to government securities, cash, and repurchase agreements. This multi-chain strategy highlights a growing trend in tokenized finance where asset value is distributed across various chains while user activity remains concentrated on specific, reliable networks. The success of the BENJI platform underscores the increasing institutional adoption of regulated, onchain money-market products.
Swiss Crypto Firm SCRYPT Puts Treasury on Franklin Templeton's Tokenized Money Market Fund
Swiss digital asset infrastructure firm SCRYPT has integrated Franklin Templeton’s BENJI token, representing shares in the Franklin OnChain US Government Money Fund (FOBXX), into its internal treasury operations. This move addresses the structural inefficiencies of traditional money market funds, which typically operate on a T+1 settlement cycle and remain inactive during weekends. By utilizing BENJI, SCRYPT achieves instant on-chain settlement and real-time yield accrual, aligning its treasury management with the 24/7 nature of crypto markets. This integration is particularly significant as SCRYPT processed over $9 billion in trading volume last year, primarily in stablecoins. As one of the first Swiss-licensed firms to adopt this tokenized solution, SCRYPT demonstrates the practical utility of blockchain-based cash management at an institutional scale. The development highlights a broader trend where crypto-native firms are increasingly replacing idle cash with yield-bearing, tokenized alternatives. This shift underscores the growing maturity of the RWA sector as global asset managers like Franklin Templeton expand the distribution of their on-chain products.
Franklin Templeton and MoonPay Partner to Expand Institutional Access to Tokenized Money Market Funds
Franklin Templeton has entered a strategic partnership with MoonPay to enhance institutional and individual access to the Franklin OnChain U.S. Government Money Fund (FOBXX). By integrating MoonPay’s fiat-to-crypto on-ramp infrastructure, the collaboration simplifies the process for users to invest in the fund, which operates on the Stellar and Polygon blockchains. This initiative marks a significant step in bridging traditional financial products with decentralized finance ecosystems by removing technical barriers for entry. The FOBXX fund, which maintains a stable net asset value of $1 per share, utilizes blockchain technology to manage transactions and ownership records. This partnership underscores the growing trend of major asset managers leveraging fintech providers to increase the liquidity and accessibility of tokenized real-world assets. As institutional interest in on-chain financial instruments rises, such integrations are essential for scaling the adoption of regulated investment vehicles. Ultimately, this move positions Franklin Templeton to capture a broader investor base by streamlining the user experience within the digital asset landscape.