Global investment firm Franklin Templeton has unveiled a blockchain-driven feature called “Intraday Yield” on its Benji Technology Platform, marking a significant leap in how yield is calculated and distributed for tokenized securities. The new functionality allows earnings to be proportionally allocated by the second, even when assets are transferred within the same day. This development, shared in an official announcement, demonstrates how blockchain’s precision and automation can enhance traditional investment mechanisms.
Yield Distribution to the Second
The newly launched Intraday Yield feature enables yield-bearing digital securities to accrue and pay out earnings accurately based on the exact duration of asset ownership. If an investor holds a tokenized asset for only part of a day, they will now receive compensation for that specific holding time rather than missing out on yield due to transfer timing. This real-time earnings model represents a departure from the conventional system where yield is calculated only on an end-of-day basis.
The feature also supports daily payouts, extending its applicability to weekends and holidays—an advancement that contrasts with the more common monthly distribution schedules used in traditional investment structures. By implementing this system, Franklin Templeton has reinforced its position at the forefront of digital asset innovation within the financial services industry.
Composability and Utility Through Blockchain
The firm’s head of digital assets expressed that such features are made possible due to the composability inherent in blockchain systems. This characteristic enables new levels of operational efficiency and fairness, ensuring that investors of all sizes can benefit from the precise, programmable nature of distributed ledger technology.
Franklin Templeton began its exploration into blockchain applications in 2017 and has since built its own infrastructure, known as the Benji Technology Platform. This proprietary blockchain stack supports the management, trading, and administration of token-based investments and serves as a white-label solution for institutional partners. It also underpins the company’s own digital offerings, including several landmark projects in the regulated tokenized fund space.
Track Record in Tokenized Finance
The Benji Platform has powered several firsts in blockchain finance, including the first U.S.-registered blockchain mutual fund launched in 2021 and the first tokenized UCITS fund in Luxembourg introduced in 2024. A retail-focused tokenized fund in Singapore is also in development, demonstrating the company’s ongoing global expansion into the digital asset investment space.
One of Franklin Templeton’s prominent products, the Franklin OnChain U.S. Government Money Fund—commonly referred to as BENJI—currently holds a position as the second-largest tokenized U.S. Treasury fund globally. With $750 million in assets under management, it follows only behind BlackRock’s BUIDL fund in scale.
Paving the Way for a Blockchain-Based Investment Standard
Through the introduction of Intraday Yield, Franklin Templeton is advocating for a new industry standard that aligns with the evolving expectations of digital investors. The ability to calculate and distribute yield precisely by the second reflects a broader trend toward automation, transparency, and personalization in financial products. If widely adopted, this model could redefine how tokenized assets function within both institutional and retail portfolios, offering greater fairness and efficiency across the board.
