Franklin Templeton Launches Intraday Yield on Benji Platform

Global investment giant Franklin Templeton has unveiled a groundbreaking feature on its proprietary Benji Technology Platform, named Intraday Yield. This innovative feature is designed to significantly enhance market opportunities for both clients and partners by providing investors with yield proportional calculation and distribution with one-second resolution when a tokenized security is transferred between users. This means that investors can earn yield for the period they were a shareholder, even if the security is transferred intraday.

The Benji platform not only calculates the yield that investors receive each day but also accounts for share transfers, ensuring that the process is seamless and efficient, regardless of weekends or holidays. This feature is part of Franklin Templeton’s broader strategy to leverage blockchain technology for trading, management, and administration of token-based investments. The platform is available as white label technology for banks or asset managers to tokenize securities and can be accessed through tokenized money market funds. It is utilized by a diverse range of investors, including hedge fund trading desks, corporate treasurers managing liquid reserves, and venture capital firms as a programmable funding tool.

In 2021, Franklin Templeton utilized the Benji platform to launch the world’s first U.S.-registered mutual fund to process transactions and record share ownership. In 2024, it launched a fully tokenized UCITS fund in Luxembourg, and in 2025, it secured regulatory approval to launch a retail tokenized fund in Singapore. These milestones underscore Franklin Templeton’s commitment to integrating blockchain technology into its investment offerings.

Roger Bayston, Head of Digital Assets at Franklin Templeton, highlighted the significance of Intraday Yield, stating that it brings the real, tangible advantages of blockchains to a global client base. He believes that features enabled by the composability of the blockchain environment, such as Intraday Yield, have the potential to become industry standards, ensuring that investors can realize the increased benefits and utilities of blockchain operating environments.

In addition to Intraday Yield, Franklin Templeton has introduced several other capabilities via the Benji platform. These include wallet-to-wallet transfers, enabling peer-to-peer transfer of digital tokens via permissioned wallet addresses on supported blockchain networks. The platform also supports stablecoin on-ramps and redemption, allowing investors to use stablecoins to buy and redeem BENJI tokens. Furthermore, permissioned self-custody allows external wallets on supported blockchains to hold BENJI tokens.

Sandy Kaul, Head of Innovation at Franklin Templeton, emphasized the company’s vision for a blockchain-based system delivered with the trust, scale, and regulatory rigor that investors expect. This vision is reflected in the ongoing development and enhancement of the Benji platform, which aims to provide a seamless and efficient investment experience for all users.