VeChain VET Makes Institutional Leap: Franklin Templeton Integration Unlocks Tokenized Treasury Payments
VeChain has established a strategic partnership with Franklin Templeton, incorporating the asset manager's BENJI tokenization platform into its blockchain network. This collaboration allows enterprises to process payments using tokenized U.S. Treasury funds, representing a major advancement in institutional blockchain adoption.
The solution utilizes Franklin Templeton's $800 million FOBXX money market fund as collateral, providing businesses with real-time settlement and minimized counterparty risk. By moving treasury operations onto the blockchain, the partnership showcases how traditional financial instruments can achieve greater efficiency through distributed ledger technology.
This milestone positions VeChain as a connector between traditional finance and Web3, with the BENJI integration serving as validation of enterprise-level blockchain utility. The system delivers transparent transaction records while meeting institutional security requirements.