VeChain VET Powers Franklin Templeton’s BENJI Platform for Tokenized Treasury Access

Franklin Templeton is expanding its footprint in tokenized finance by integrating its BENJI platform with VeChain. This strategic MOVE allows global users to buy and hold tokenized U.S. Treasury bills on VeChain's blockchain, utilizing regulated custody and liquidity services from BitGo and Keyrock.

The BENJI platform provides exposure to the Franklin OnChain U.S. Government Money Fund (FOBXX), a $780 million fund backed by U.S. government securities, cash, and repurchase agreements. Already live on eight other blockchains, FOBXX now competes with similar offerings like BlackRock’s BUIDL and Ondo’s OUSG.

VeChain’s dual-tokenomics model enhances this integration, reinforcing its role in institutional blockchain adoption. The partnership highlights increasing demand for compliant, yield-generating digital assets in traditional finance markets.