BNB Defies Gravity Above $1,000 as Franklin Templeton Expands Benji Platform to BNB Chain
Franklin Templeton just handed BNB Chain its biggest institutional validation yet.
The $1.6 trillion asset manager announced plans to expand its Benji digital assets platform to BNB Chain—sending a clear signal that traditional finance is finally taking the network seriously.
Institutional On-Ramp Accelerates
This isn't just another integration. Franklin Templeton's move effectively creates a regulated bridge between Wall Street and one of crypto's most active ecosystems. The Benji platform—already live on Ethereum and Stellar—will now give institutional clients direct exposure to BNB's thriving DeFi and NFT landscape.
Price Action Defies Market Skeptics
BNB's hold above $1,000 looks increasingly solid as institutional money prepares to flow through new pipelines. The token shrugged off broader market volatility—proving once again that real utility trumps speculative noise.
Some legacy finance types are probably still wondering why anyone would need a blockchain that actually scales. Their loss.
Franklin Templeton plans to bring tokenization platform to BNB Chain
Asset manager Franklin Templeton announced in a statement shared with FXStreet on Wednesday that it is expanding its Benji Technology Platform to the BNB Chain, aiming to widen public access to tokenized products.
"Our goal is to meet more investors where they're active, while continuing to push the boundaries of what tokenization can deliver with security and compliance at the forefront," said Roger Bayston, head of digital assets at Franklin Templeton.
The Benji Technology Platform is Franklin Templeton's tokenization infrastructure, which the firm leverages to bring traditional assets on-chain. It allows shares of traditional funds to be issued as digital tokens on public blockchains.
The platform was used to launch the Franklin OnChain US Government Money Fund (FOBXX) in 2021, which was the first US-registered money market fund issued natively on a blockchain.
The MOVE follows Franklin Templeton's partnership with Binance, which aims to explore the development of tokenized products for broader markets.
Sarah Song, Head of Business Development at BNB Chain, said Franklin's decision to expand the Benji Technology Platform to BNB Chain highlights the network's ability to support regulated, large-scale tokenized assets.
The tokenization trend has garnered increased attention in 2025, with top financial institutions exploring blockchain solutions for faster settlement, enhanced accessibility, and improved transparency.
Crypto firms, including Kraken and Robinhood, have begun trading tokenized versions of US stocks, offering investors access across various countries.
Nasdaq is also seeking approval from the US Securities and Exchange Commission (SEC) to allow tokenized versions of listed stocks and ETFs to trade alongside their traditional counterparts.
BNB is changing hands at $1,016 on Wednesday after bouncing off an ascending trendline extending from July 28. The trendline is strengthened by the 20-day Simple Moving Average (SMA), which is just below it.
BNB/USDT daily chart
Further down, BNB could hold the support NEAR $920 if it falls below the ascending trendline. On the upside, BNB must overcome its all-time high resistance at $1,083 to initiate another uptrend.
