Franklin Templeton BENJI
Web3 / tokenization
Franklin Templeton's tokenized U.S. Government Money Fund (based on its existing FOBXX fund) brought institutional-grade Treasury exposure to blockchain networks. BENJI tokens are issued across multiple blockchains including Stellar, Polygon, and Arbitrum, enabling broad ecosystem accessibility and interoperability. Each token maintains a stable price tied to the underlying money market fund's net asset value, offering institutional investors a regulated, audited fund structure with the efficiency of blockchain settlement. The multi-chain deployment reflects a hybrid approach where traditional fund mechanics meet decentralized infrastructure, lowering barriers for institutions to participate in tokenized asset ecosystems.
Example
Franklin Templeton deployed BENJI on Stellar in 2023 and subsequently expanded to Polygon and other chains, demonstrating a multi-chain strategy that prioritized regulatory clarity and institutional adoption over maximalist single-chain approaches.
Why It Matters
BENJI proved that established asset managers could issue compliant tokenized funds across multiple blockchain networks simultaneously, establishing a template for institutional-grade, multi-chain RWA distribution.
Definition maintained by Cointegrity. See our editorial policy for review standards on regulatory and compliance terms.
Explore the full Web3 Glossary — 2,085+ expert-curated definitions. Need guidance? Talk to our consultants.