Franklin Templeton holds approximately $1.5 billion in tokenized fund shares on BNB Chain as of mid-October 2026, representing 59.8% of the firm's total onchain assets. The concentration stems from the firm's Benji tokenization platform, which manages between $2.5 billion and $2.6 billion across ten blockchain networks. The shift follows a partnership with Binance that launched BNB Chain integration in September 2025, producing over 1,200% growth in early 2026.
Franklin Templeton Distributes $2.55 Billion Across Ten Blockchains
Franklin Templeton's total onchain footprint sits at around $2.55 billion. BNB Chain carries approximately $1.5 billion of that total, while the remaining assets are distributed across nine other networks. The Benji platform handles issuance of tokenized fund shares and records ownership onchain through public ledgers rather than back-office databases.
Total assets on the Benji platform reached somewhere between $2.5 billion and $2.6 billion by mid-October 2026. The BENJI token itself accounts for approximately $760 million of that figure. Franklin Templeton manages assets valued at as much as $1.83 trillion across all operations.
FOBXX Money Fund Launched on Stellar in April 2021
The Franklin OnChain U.S. Government Money Fund trades under ticker FOBXX, with shares represented by the BENJI token. FOBXX launched on Stellar in April 2021 as the first US-registered mutual fund to use a public blockchain for transactions and ownership records.
The BNB Chain chapter opened in September 2025 through a partnership with Binance. Roughly a year later, BNB Chain overtook Stellar as the dominant network for Franklin Templeton's tokenized holdings. Roger Bayston, head of digital assets at Franklin Templeton, framed the effort around making funds easier for investors to access while expanding tokenization capabilities with security and compliance at the center.
SEC Issued No-Action Letter in August 2026
In August 2026, the SEC issued a no-action letter allowing Franklin Templeton to use BENJI for cash management and collateral purposes. The letter enables tokenized fund shares to function as posted collateral, positioning them to compete with cash and stablecoins for that role while potentially earning yield.
FAQ
What percentage of Franklin Templeton's onchain assets are on BNB Chain?
BNB Chain hosts approximately 59.8% of Franklin Templeton's onchain assets as of mid-October 2026, representing about $1.5 billion of the firm's $2.55 billion total onchain footprint.
When did Franklin Templeton launch its tokenized money fund?
Franklin Templeton launched the Franklin OnChain U.S. Government Money Fund (FOBXX) on Stellar in April 2021, making it the first US-registered mutual fund to use a public blockchain for transactions and ownership records.
What did the SEC allow Franklin Templeton to do with BENJI in August 2026?
The SEC issued a no-action letter in August 2026 permitting Franklin Templeton to use BENJI tokens for cash management and collateral purposes, enabling tokenized fund shares to serve as posted collateral in financial transactions.
