VeChain partners with Franklin Templeton to tokenize $780M fund via BENJI platform

VeChain has entered a strategic partnership with Franklin Templeton, a leading asset manager with $1.7 trillion in assets under management, to integrate the latter’s BENJI platform into VeChain’s blockchain ecosystem [1]. This collaboration allows for the tokenization of assets, including the $780 million Franklin OnChain U.S. Government Money Fund (FOBXX), which represents a combination of U.S. Treasuries, cash, and repurchase agreements. Each share of the fund is tokenized, maintaining a $1 value, and is available for instant transactions and intraday yield generation [1].

Franklin Templeton’s BENJI platform, already operating on several blockchains such as Stellar, Ethereum, and Polygon, will now extend to VeChain. This move is expected to scale the deployment of regulated tokenized products and bring institutional-grade efficiency to the blockchain space [1]. The integration is a major step for VeChain, enhancing its position in the real-world asset (RWA) market and expanding the use cases of its enterprise-grade blockchain infrastructure [1].

VeChain’s blockchain infrastructure provides institutional clients with round-the-clock access to liquidity, low-cost settlements, and real-time transactions, bypassing the limitations of traditional banking hours [1]. This continuous operation model is expected to improve financial workflow efficiency, reduce foreign exchange fees, and eliminate settlement delays [1]. The platform supports seamless composability, allowing tokenized assets to be combined with other financial instruments and services [1].

The partnership is also seen as a potential precursor to the launch of a VeChain ETF, particularly in the ESG-focused European markets. Franklin Templeton’s experience in structured finance and asset tokenization positions it as a strong partner for such an initiative [1]. With the increasing regulatory clarity and demand for digital financial solutions, the collaboration is expected to provide institutional investors with more secure and efficient asset management options [1].

VeChain’s strategic integration of the BENJI platform demonstrates a broader shift in the financial industry toward blockchain-based solutions. The firm is leveraging its enterprise tools such as Stargate and VeBetter to facilitate this transition, emphasizing real-world applications and operational transparency [2]. This collaboration not only validates VeChain’s blockchain capabilities but also reinforces its role in the future of institutional finance [2].

Source:

[1] VeChain Joins Franklin Templeton, Bringing Crypto to Institutional Finance

https://blockonomi.com/vechain-joins-franklin-templeton-bringing-crypto-to-institutional-finance/

[2] VeChain CEO Lays Out 2025 Plans: Stargate, VeBetter

https://cryptonews.net/news/altcoins/31430504/