The Block reported on September 24 that Franklin Templeton is extending its proprietary Benji tokenization platform onto the BNB Chain, seeking to broaden investor access to tokenized investment products. The expansion leverages existing on-chain infrastructure to diversify distribution channels while preserving the platform’s governance and compliance controls.

Originally deployed in 2021 to facilitate the world’s first globally registered U.S. mutual fund on-chain, Benji supports the trading, management and operational lifecycle of token-based funds. The platform currently underpins Franklin Templeton’s tokenized offerings for both retail and institutional clients, providing issuance, custody interfaces and operational tooling consistent with regulated asset tokenization practices.