Nonco, Franklin Templeton, SwapGlobal Revolutionize OTC Trading with Stellar Blockchain

In the fast-paced world of over-the-counter (OTC) derivatives, speed and efficiency are paramount. Traditional financial systems often struggle to keep pace with global markets, hindered by custodian bottlenecks and wire transfer delays that make capital inefficient and slow to respond. To address these challenges, Nonco, a digital asset trading firm, partnered with SwapGlobal and leveraged the Stellar blockchain to revolutionize real-time OTC trading using tokenized treasuries.

At the core of this innovation is the BENJI token, issued by Franklin Templeton Investments. BENJI is a tokenized money market fund that earns yield daily and operates on the Stellar blockchain. Nonco utilized BENJI as collateral in an OTC derivative transaction with SwapGlobal, demonstrating a powerful use case where collateral remained productive, secure, and instantly transferable without compromising compliance or traceability. This transaction not only executed swiftly but also bypassed traditional custodial complexities and accounting delays.

The Stellar network, recognized for its reliable and secure infrastructure, has been trusted for over a decade. It enables the tokenization of real-world assets, such as treasuries and money market funds, making them available around the clock across global markets. With built-in compliance features, low-cost transactions, and instant settlement capabilities, the Stellar blockchain becomes an ideal platform for institutions engaging in real-time OTC trading. These features allowed Nonco to move value quickly, safely, and without friction.

The use of tokenized treasuries like the BENJI token presents a blueprint for the future of collateral in global finance. Unlike traditional treasury collateral, tokenized assets remain on-chain and liquid, transferred instantly and monitored on a transparent ledger. This ensures better capital efficiency, 24/7 liquidity, and full traceability, features critical in the fast-moving OTC derivative market. BENJI offers yield while being used as collateral, turning idle capital into an active financial asset. This eliminates the old trade-off between security and productivity, giving institutional traders a real edge.

The Stellar blockchain’s infrastructure supports a growing ecosystem of real-world assets, from tokenized treasuries to stablebonds and digital payment assets. With global reach, Stellar enables governments, fintechs, and financial institutions to issue, move, and settle tokenized assets efficiently. By supporting real-time issuance and transfer, the Stellar network removes traditional boundaries in finance, paving the way for financial access, especially in markets where traditional banking infrastructure is limited. The collaboration between Nonco, Franklin Templeton, and SwapGlobal exemplifies how blockchain can deliver scalable, real-world solutions in institutional finance.