Franklin Templeton has extended its Benji Technology Platform to the BNB Chain, marking another step in its strategy to expand access to tokenized investment products. The move reflects a broader trend among traditional financial institutions, which are increasingly deploying blockchain solutions across multiple ecosystems to meet the needs of both retail and institutional investors.
The Benji platform is Franklin Templeton’s proprietary tokenization system, designed to manage, trade, and administer digital investment products. It rose to prominence in 2021 when the company launched the first U.S.-registered mutual fund on a public blockchain using Benji. That milestone demonstrated how regulated funds could operate within decentralized infrastructure. Today, the platform serves as the backbone for a suite of tokenized products that aim to bridge the gap between conventional finance and digital assets.
Tokenized funds and blockchain integration
Among the most prominent offerings powered by Benji is the Franklin OnChain U.S. Government Money Fund (FOBXX). This fund leverages blockchain networks to process transactions and record share ownership in real time. The official record of shares remains with a transfer agent, while each unit of the fund is represented by a BENJI token, providing investors with a blockchain-native reflection of their holdings.
The platform’s integration with BNB Chain expands its reach beyond existing networks such as Ethereum, Solana, Base, Stellar, Polygon, Arbitrum, Avalanche, and Aptos. This multi-chain approach illustrates Franklin Templeton’s strategy of broadening accessibility, ensuring that tokenized products are available across ecosystems popular with developers, institutions, and retail participants alike.
🔓New chain unlocked. The Benji Technology Platform is now live and integrated on @BNBCHAIN! pic.twitter.com/xpZvAisPMo
— Franklin Templeton Digital Assets (@FTDA_US) September 24, 2025
Market adoption and potential reach
Data from RWA.xyz indicates that the Franklin OnChain U.S. Government Money Fund has accumulated approximately $732 million in total locked value, with nearly $480 million of that amount hosted on the Stellar blockchain. The addition of BNB Chain gives the firm an opportunity to tap into one of the world’s largest retail-oriented blockchain ecosystems. This expansion could accelerate the adoption of tokenized money market products, particularly among users already active within BNB’s broad community.
Broader significance for finance
The extension of Benji to BNB Chain underscores how tokenization is evolving from experimental pilots to large-scale implementation. By placing traditional financial products such as government money funds on multiple blockchains, Franklin Templeton is offering investors a combination of regulatory assurance and the efficiency of decentralized networks.
This approach may also serve as a foundation for expanding tokenized offerings beyond money market products to include treasuries, bonds, and other real-world assets. As institutions increasingly seek investment vehicles that are more transparent, programmable, and liquid, tokenization is expected to play a key role in reshaping how financial products are structured and accessed.
By embracing a multi-chain strategy, Franklin Templeton is positioning itself as one of the leading asset managers bringing regulated investment products into the digital economy. The expansion of the Benji platform demonstrates not only confidence in blockchain infrastructure but also a commitment to providing investors with innovative tools that combine the best of traditional finance and Web3 technology.
