Franklin Templeton’s tokenized money market fund, valued at about $742 million on Wednesday, is expanding to BNB Chain to increase distribution and use BNB’s low‑cost, compliance‑ready infrastructure to offer tokenized assets to a broader investor base.
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Fund size and footprint: The tokenized fund stood near $742 million and has holders across eight blockchains.
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Platform and networks: Benji Technology Platform administers shares; BNB Chain adds to existing support for Stellar, Ethereum, Solana, Avalanche, and Base.
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On‑chain activity and liquidity: BNB Chain hosts large stablecoin liquidity and millions of active addresses, supporting market access and trading utility.
Franklin Templeton tokenized money market fund expands to BNB Chain — learn how this increases access and utility. Read more for data and takeaways.
What is Franklin Templeton’s tokenized money market fund?
Franklin Templeton’s tokenized money market fund is an on‑chain representation of shares in an institutional U.S. government money market product administered via the Benji Technology Platform. The fund is backed primarily by government securities, cash, and repurchase agreements and is available across multiple blockchains for fractional, programmable ownership.
How is Franklin Templeton expanding to BNB Chain?
Franklin Templeton announced an expansion of its tokenization platform to BNB Chain to leverage its low‑cost, compliance‑forward infrastructure. The move aims to broaden distribution and improve utility for tokenized assets by tapping BNB Chain’s high on‑chain liquidity and large active address base.
The fund’s on‑chain balance was reported near $742 million on Wednesday. According to plain‑text data sources, the product has grown substantially since launching on Stellar in 2021, with several hundred to nearly a thousand holders spanning eight blockchains.
What networks and data support this expansion?
Benji Technology Platform initially launched the OnChain U.S. Government Money Fund on Stellar in 2021. The tokenized fund now lists holders on Ethereum, Solana, Avalanche, Base, and others. Public crypto data providers report:
- Fund value cited around $742 million (reported Wednesday).
- Approximately 938 holders across eight blockchains.
- BNB Chain hosted roughly $12.5 billion in stablecoins and reported about 2.27 million active addresses in a recent 24‑hour window (plain‑text data providers).
- BNB price momentum: around $1,015 on Wednesday with strong year‑over‑year gains and a recent all‑time high near $1,079 (plain‑text market data provider).
Frequently Asked Questions
How much is the tokenized fund worth now?
The tokenized money market fund was reported at about $742 million on Wednesday. Values update frequently; plain‑text crypto data providers publish on‑chain balances and historical growth since the product’s 2021 launch on Stellar.
Who runs the tokenization platform?
The Benji Technology Platform administers tokenized shares for Franklin Templeton, enabling issuance, transfer, and custody workflows across supported blockchains without changing the product’s underlying credit profile.
Key Takeaways
- BNB Chain expansion: Broadens distribution and leverages scalable, low‑cost infrastructure.
- On‑chain scale: Fund value around $742M with nearly 938 holders across eight blockchains.
- Institutional bridge: Tokenization links traditional money market instruments to on‑chain liquidity and programmable features.
Conclusion
Franklin Templeton’s expansion of its tokenized money market fund to BNB Chain marks a notable step in bridging institutional asset management and blockchain distribution. The move uses Benji Technology Platform capabilities to increase access, while on‑chain data shows sizable adoption and multi‑chain distribution. Expect further product updates later this year as adoption evolves.
