Franklin Templeton Explores Integrating BENJI Platform with VeChain for Tokenized Treasury Access

Key Points

1. Franklin Templeton's BENJI platform tokenizes shares of the Franklin OnChain U.S. Government Money Fund (FOBXX), providing a digital representation of low-risk assets.

2. VeChain's layer-1 blockchain, known for its dual-tokenomics model, supports the integration, ensuring regulated custody and transparency.

3. The FOBXX fund holds approximately $780 million in assets and is accessible across eight blockchain networks, with Stellar accounting for the largest share of BENJI’s market capitalization.

4. The integration strengthens Franklin Templeton's competitive position against other tokenized money market products like BlackRock’s BUIDL and Ondo’s OUSG.

5. The initiative combines the stability of U.S. Treasury-backed funds with VeChain’s blockchain technology and trusted partners like BitGo and Keyrock.