Franklin Templeton integrates $780M BENJI fund with VeChain for institutional tokenized U.S. Treasury access

Franklin Templeton has expanded its tokenized finance strategy by integrating its BENJI platform with VeChain, a layer-1 blockchain, enabling institutional and corporate clients to access tokenized U.S. Treasury-backed assets. The partnership allows users to purchase and hold tokenized U.S. Treasury bills on VeChain, with BitGo and Keyrock providing regulated custody and liquidity services. The Franklin OnChain U.S. Government Money Fund (FOBXX), a $780 million SEC-registered money market fund, underpins the BENJI tokens, which represent shares in the fund and maintain a stable $1 value. This integration builds on Franklin Templeton’s multi-chain approach, previously deploying BENJI on networks like Stellar, Ethereum, and Solana, while leveraging VeChain’s cost-effective dual-token model and real-world asset (RWA) infrastructure [1].

The FOBXX fund, already available on eight other blockchains including Ethereum and Stellar, now extends its presence to VeChain. Its existing $430 million in assets on Stellar highlights the growing demand for tokenized liquidity solutions. The fund directly competes with products such as BlackRock’s BUIDL and Ondo’s OUSG, which also tokenize U.S. government securities. By tokenizing government-backed assets, Franklin Templeton and VeChain aim to streamline financial workflows, reducing operational costs and time compared to traditional methods. The collaboration also underscores VeChain’s focus on institutional-grade blockchain solutions, offering a bridge between traditional finance and decentralized infrastructure [1].

Franklin Templeton’s RWA initiatives have gained momentum through regulatory milestones, including Singapore’s approval of its first retail-focused tokenized fund earlier this year. The firm’s partnership with ArbitrumDAO, where BENJI was allocated 35% of a treasury diversification program, further illustrates its strategic reach. For VeChain, the integration strengthens its position in the tokenized asset market, providing enterprises with access to compliant, interoperable solutions for treasury management and payments. With BENJI deployed across 690 wallet addresses across multiple chains, the platform reflects the maturing RWA sector’s potential to serve institutional demand for stable, regulated digital assets [1].

This move aligns with broader trends in blockchain adoption, where institutional players seek to leverage decentralized infrastructure while maintaining regulatory compliance. By tokenizing government securities, Franklin Templeton and VeChain address the need for liquid, stable assets in blockchain ecosystems, offering a framework for enterprises to manage payments, liquidity, and treasury operations. As the RWA market evolves, such integrations are expected to define the next phase of institutional-grade digital asset offerings, blending traditional financial tools with blockchain efficiency [1].

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/], [2] [Franklin Templeton brings BENJI platform to VeChain for tokenized treasury access] [https://crypto.news/franklin-templeton-brings-benji-platform-to-vechain-for-tokenized-treasury-access/].