Franklin Templeton Expands Tokenized Assets with $780M BENJI on VeChain Blockchain

Franklin Templeton has expanded its tokenized asset offerings by deploying its $780 million BENJI platform on the VeChain blockchain network, marking a significant step in its multi-chain strategy for institutional clients. The integration, announced July 24, allows VeChain-based enterprises access to Franklin Templeton’s tokenized money market fund, which functions as a stablecoin-like tool for cash management and payments [1]. BitGo will oversee custody operations, while Keyrock provides derivatives trading services, creating a unified framework for blockchain-based financial solutions [1].

The BENJI platform tokenizes shares of Franklin Templeton’s OnChain US Government Money Fund (FOBXX), which invests in government securities, cash, and repurchase agreements to maintain a stable $1 share value [1]. Launched in 2021, FOBXX is one of the first SEC-registered funds to utilize public blockchain for recordkeeping. By tokenizing these assets, Franklin Templeton enables institutional and enterprise clients to access short-term U.S. government securities with regulatory compliance and transparency [1].

VeChain’s selection for this initiative highlights its suitability for money market operations, attributed to its dual-token system and cost-efficient infrastructure. The move provides VeChain-based businesses with an additional tokenized liquidity option, enhancing the platform’s appeal in the real-world asset (RWA) space [1]. This collaboration also strengthens Franklin Templeton’s distribution strategy and positions VeChain to expand its footprint in tokenized assets [1].

Prior to VeChain, BENJI had already been deployed on Stellar, Ethereum, Arbitrum, Polygon, Base, Avalanche, and Aptos. The Stellar network remains its largest base, hosting over $430 million in assets. Across all chains, FOBXX has the highest number of individual holders among tokenized government money funds, with 690 wallet addresses participating as of July 2025 [1]. This cross-chain presence underscores Franklin Templeton’s commitment to leveraging blockchain for broader accessibility and liquidity.

The asset manager has increasingly focused on tokenization, aligning with global regulatory frameworks to drive adoption. In Singapore, it recently received approval to launch its first tokenized fund for retail investors [1]. Additionally, Franklin Templeton is one of three asset managers chosen by ArbitrumDAO to manage U.S. Treasury exposure via tokenized offerings. The BENJI fund is allocated 35% of ArbitrumDAO’s 35 million ARB treasury diversification program under STEP 2, a strategic initiative to allocate idle capital into yield-generating assets [1].

By integrating BENJI with VeChain, Franklin Templeton reinforces its leadership in the RWA sector, bridging traditional finance with blockchain innovation. The move reflects growing demand for tokenized solutions that balance regulatory compliance with operational efficiency. As institutional interest in tokenized assets rises, Franklin Templeton’s multi-chain approach may set a precedent for how asset managers adapt to decentralized infrastructure while maintaining investor trust.

Source: [1] [Franklin Templeton brings $780M BENJI tokenized fund to VeChain network] [https://invezz.com/news/2025/07/24/franklin-templeton-brings-780m-benji-tokenized-fund-to-vechain-network/]