Franklin Templeton Expands Tokenization Platform to BNB Chain: Institutional Adoption Accelerates
Wall Street meets Web3 as Franklin Templeton doubles down on blockchain infrastructure.
BREAKING: $1.5 trillion asset manager Franklin Templeton just expanded its tokenization platform to BNB Chain—marking one of the largest traditional finance institutions to embrace multi-chain deployment.
THE MOVE THAT MATTERS
This isn't just another crypto pilot. Franklin Templeton's OnChain U.S. Government Money Fund now operates across multiple blockchain networks, bringing institutional-grade yield products directly to decentralized finance ecosystems.
WHY BNB CHAIN CHANGES THE GAME
BNB Chain's massive user base and established DeFi ecosystem create instant distribution channels that traditional finance can't ignore. The chain processes more transactions than most legacy systems combined—and now those flows include real-world assets.
THE INSTITUTIONAL DOMINO EFFECT
Watch for other asset managers to follow suit within quarters, not years. When Franklin Templeton moves, the industry takes notes—even if they're still pretending to 'evaluate the technology' while secretly building their own tokenization teams.
Tokenization isn't coming—it's already here. And traditional finance either adapts or gets left watching from the sidelines as digital assets rewrite the rules of capital markets. (But don't worry—they'll still charge those 2% management fees for underperforming the market.)
Benji platform at the core
The Benji platform is Franklin Templeton’s in-house tokenization system designed to manage, trade, and administer blockchain-based investments. It gained attention in 2021 when Franklin Templeton used it to launch the first U.S.-registered mutual fund onchain, a milestone that demonstrated the potential for regulated funds to operate within public blockchain networks. Today, Benji underpins a growing suite of tokenized products aimed at bridging conventional finance with digital infrastructure.
Tokenized mutual fund
The most notable product running on Benji is the Franklin OnChain U.S. Government Money Fund (FOBXX). This fund employs blockchain technology to process transactions and record share ownership. A transfer agent keeps the official record of shares on the Benji platform, while blockchain networks are used to confirm transactions in real time. Each share of FOBXX is represented by one BENJI token, giving investors a blockchain-native representation of their holdings.
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Expanding multi-chain support
The expansion to BNB Chain adds to Benji’s growing roster of supported blockchains, which already includes Ethereum, Solana, Base, Stellar, Polygon, Arbitrum, Avalanche, and Aptos. This multi-chain approach reflects Franklin Templeton’s strategy to make its tokenized offerings more accessible across different ecosystems favored by developers, institutions, and retail users.
According to data from RWA.xyz, the Franklin OnChain U.S. Government Money Fund currently has a total locked value of around $732 million, with nearly $480 million sitting on the stellar blockchain alone. By extending to BNB Chain, the firm could potentially tap into one of the world’s largest retail-focused blockchain communities, expanding adoption of tokenized money market products.
Why it matters
The expansion underscores how tokenization is moving from proof-of-concept into large-scale implementation. By anchoring traditional financial products like government money funds onto multiple blockchains, Franklin Templeton is offering investors a blend of regulatory oversight and blockchain efficiency. This could pave the way for wider use of tokenized treasuries, bonds, and other real-world assets as institutions look for more transparent, programmable, and liquid investment vehicles.
