ProductsActive· US

BENJI

A mutual fund share with an onchain ownership record. The practical advance is transferability; it is still an investment fund with eligibility rules and loss risk.

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Brief

BENJI represents shares of Franklin Templeton's Franklin OnChain US Government Money Fund (FOBXX). Launched on Stellar in 2021, the US-registered money market fund uses blockchain for share ownership and transactions. Shares support peer-to-peer transfers and intraday yield accrual; the fund seeks a stable $1 NAV but does not guarantee it.

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Primary sources

Checks cover the claims listed below. Other details may still need review.

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Snapshot

Key terms and identifiers.

Asset value
$993M
Fee
0.15% mgmt (0.20% total expense cap)
Custodian
BNY Mellon
Min investment
$20
Structure
SEC-registered 40 Act fund
Chains
Stellar, Polygon, Ethereum, Solana, Arbitrum, Avalanche, Aptos, Base, BNB Chain
NAV frequency
Daily ($1.00 stable NAV)
Investor type
All investors
Spec type
fund
As of
2026-06
Asset classes
Treasuries
Token standards
erc-20
Regulatory
sec-40-act
Jurisdiction
US
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Milestones

How this player got here.

  1. Q1 2026BNB Chain onboarded, marking 9-chain footprint
  2. Jun 2026Announced Benji Technology Platform integration with MoonPay Trade for institutional access
  3. Q4 2025Patent-pending intraday yield feature launched on Benji platform
  4. Jan 2025Expanded to Ethereum, Arbitrum, and Base
  5. Oct 2024Crossed $400M AUM
  6. Apr 2021Launched on Stellar as the first U.S.-registered tokenized money market fund
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Connections

Who they build with, build on, integrate with.