Franklin Templeton Adopted Blockchain for BENJI Fund
The firm utilized a public blockchain to manage records for its U.S.-registered mutual fund.
Updated on Oct. 8, 2026 in Investing
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Franklin Templeton launched its OnChain U.S. Government Money Fund, or FOBXX, on the Stellar network in 2021. It became the first U.S.-registered mutual fund to maintain share ownership records directly on a public blockchain.
Why it matters
The fund leverages public blockchain technology to enhance transaction efficiency and streamline dividend distributions for its investors. This infrastructure allows the BENJI suite to provide 24/7 market access and daily yield payouts.
As of March 31, 2026, the fund reached over $211 million in cumulative peer-to-peer transfer volume. The number of investors in the BENJI suite grew by more than 140% between April 2024 and March 2026.
The players
Franklin Templeton
This is a global investment management organization that manages over $1 trillion in total assets.
Binance
This is a major digital asset exchange that partnered with Franklin Templeton to support BENJI shares as collateral.
The details
The fund distributes yields directly to the digital wallets of its investors, bypassing many traditional administrative layers. In February 2026, Franklin Templeton and Binance reached an agreement that allows clients to utilize BENJI shares as off-exchange collateral.
Timeline
The FOBXX fund launched on the Stellar network in 2021.
Investor counts increased by over 140% between April 2024 and March 2026.
Franklin Templeton and Binance announced their collateral partnership in February 2026.
The firm reported cumulative transfer volumes as of March 31, 2026.
The BENJI suite reached $1.98 billion in assets under management by April 29, 2026.
Market Dynamics
The adoption of blockchain-based fund accounting represents a structural shift from legacy centralized record-keeping systems toward tokenized financial infrastructure. This transition positions the firm to compete with emerging digital-native asset managers by leveraging 24/7 accessibility.
Retail investors gain access to 24/7 market liquidity and automated daily dividend distributions directly into their digital wallets. These features offer a distinct alternative to traditional money market funds that operate under standard banking hours.
The takeaway
Blockchain integration in finance is evolving from experimental testing into a practical tool for managing institutional-grade assets. Investors using these products should be aware that the liquidity and collateral mechanisms function differently than those in traditional brokerage accounts.
Further reading
For more background on digital asset management, visit the Investing section.
Source note: This article includes information reported by TokenPost.
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