Franklin Templeton Expands Tokenized Benji Platform to BNB Chain

Global asset manager Franklin Templeton had recently announced the expansion of its Benji Technology Platform to the BNB Chain. This move highlights the company’s goal of making tokenized investments available to more people. At the same time, the asset manager is keeping security and compliance at the center of its strategy.

The Benji Platform: A Pioneer in Tokenized Funds

The Benji platform was introduced in 2021 to support the Franklin OnChain U.S. Government Money Fund. 

This fund is also known as FOBXX and became the first U.S.-registered mutual fund to operate fully on blockchain. 

The platform enables the smooth trading, management, and administration of tokenized investments. It has also become the foundation for Franklin Templeton’s digital asset strategy. Each share of FOBXX is represented by a BENJI token. 

According to RWA.xyz data, the token currently represents a Total Locked Value (TVL) of about $732 million. Out of this, nearly $480 million sits on the Stellar blockchain. 

The Benji platform also works with other networks such as Ethereum, Solana, Base, Polygon, Arbitrum, Avalanche, Aptos, and now the BNB chain. This multi-chain access lets it handle and record transactions on different blockchains.

Franklin Templeton Joins BNB Chain to Drive Tokenized Asset Growth

Expanding to the BNB Chain will give Franklin Templeton the opportunity to reach a larger pool of investors. At the same time, take advantage of the network’s low-cost structure and its growing reputation as a compliance-focused environment. 

BNB Chain has become a global center for real-world asset (RWA) tokenization. It already supports tokenized money market funds, credit products, and other financial assets. Franklin Templeton’s decision to launch on BNB Chain shows growing trust in its system. It also proves that regulated assets can work at a large scale in the tokenized economy.

Notably, the expansion move comes just a week after Franklin Templeton announced a partnership with Binance to explore joint initiatives in tokenization and digital assets. With $1.6 trillion in assets under management, Franklin Templeton has been steadily investing in blockchain for several years. 

Tokenization Gaining Ground in Traditional Finance

The wider financial industry is starting to accept tokenization products. Earlier this month, Nasdaq asked the U.S. Securities and Exchange Commission (SEC) for approval to let tokenized stocks and exchange-traded funds (ETFs) trade alongside traditional assets. 

If approved, blockchain-based settlement could enter the U.S. financial system by the third quarter of 2026.

Despite growing interest, large-scale adoption is limited. JPMorgan analysts say the industry faces challenges such as different rules across countries and unclear laws for onchain investments. 

They also pointed out concerns about how reliable and enforceable blockchain systems are. These issues need to be solved before tokenization can fully grow.