Franklin Templeton brings $780M BENJI tokenized fund to VeChain network

Key Points

1. Franklin Templeton's BENJI platform enables tokenized access to its OnChain US Government Money Fund (FOBXX), valued at around $780M, with each token representing a share in the fund.

2. The integration with VeChain allows businesses on the platform to use BENJI as a stablecoin-like payment and cash management tool, supported by BitGo for custody and Keyrock for liquidity.

3. BENJI was previously launched on multiple blockchains including Ethereum, Arbitrum, Polygon, Base, Avalanche, and Aptos, making it one of the most widely deployed tokenized funds.

4. The fund invests in government securities, cash, and repurchase agreements to maintain a stable $1 value per token and is SEC-registered, offering regulatory compliance.

5. This collaboration strengthens Franklin Templeton's multi-chain strategy and provides VeChain-based enterprises with new tokenized liquidity options.