BENJI
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BENJI

9 chains, SEC-registered, shipped in 2021. Franklin Templeton moved faster than every other TradFi player and most crypto-native ones.

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Brief

Franklin Templeton's OnChain US Government Money Fund. The first U.S.-registered tokenized money market fund, launched on Stellar in 2021. Now live across 9 chains, with Stellar still holding ~65% of AUM.

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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
2026-05
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. Q4 2025Patent-pending intraday yield feature launched on Benji platform
  3. Jan 2025Expanded to Ethereum, Arbitrum, and Base
  4. Oct 2024Crossed $400M AUM
  5. 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.

Dependency

Where this player builds on, integrates, or relies on others.