$1.6T Franklin Templeton Expands Tokenized Platform To BNB Chain Following Binance Partnership

Franklin Templeton has expanded its Benji Technology Platform to BNB Chain, aiming to reach more institutional and retail investors. This move, which follows a recent surge in BNB’s price, enhances access to tokenized investment products. BNB Chain’s rapid growth, now valued at $141.7 billion, positions it as a key platform in the expansion of tokenized investment assets.

Franklin Templeton Expands Tokenization Platform to BNB Chain

Franklin Templeton, the $1.6 trillion asset management firm, has expanded its Benji Technology Platform to the BNB Chain. The integration aims to reach a broader audience of institutional and retail investors, enhancing access to tokenized investment products. 

This comes as the BNB Chain takes the lead in RWA tokenization. Benji Technology Platform, which comprises the firm’s blockchain-based technology stack, is used to issue and manage tokenized real-world assets (RWAs), including investment products.

It powers the Franklin OnChain U.S. Government Money Fund (BENJI), which currently holds a total on-chain asset value of about $732 million, according to RWAxyz. This makes it the third-largest tokenized U.S. Treasury fund, after BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), valued at over $2.1 billion.

The Benji platform is live on eight blockchains, including Ethereum, Arbitrum, and Solana, with $467 million of its total $731.8 million in assets on Stellar. The integration of BNB Chain is expected to expand the platform’s reach to a broader global investor base.

Roger Bayston, Head of Digital Assets at Franklin Templeton, emphasized the company’s commitment to meeting the active needs of investors while prioritizing security and compliance. “Together with BNB Chain, we aim to deliver tokenized assets with enhanced utility and features for both institutional and retail investors worldwide,” Bayston added.

BNB Chain Solidifies Its Role in Tokenized Finance Expansion

BNB Chain, developed by Binance, has emerged as the fifth-largest blockchain, with a market capitalization of about $141.7 billion. Franklin Templeton’s expansion further solidifies the platform’s status as a major player in the tokenized finance space. 

The collaboration is part of a broader trend in which traditional financial firms are embracing blockchain technology. Recently, Binance announced its alliance with Franklin Templeton. The partnership integrates Franklin Templeton’s experience with compliant securities tokenization and Binance’s globally trusted trading platform.

The tokenized RWA sector, now valued at over $30 billion, continues to grow and attract more institutional participants. The new alliance also aims to enhance efficiency and scalability, benefiting a wide range of investors.

In recent months, Franklin Templeton has also introduced an intraday yield feature to the BENJI fund, enabling investors to earn continuous yields on even short-term holdings. This feature marks another step toward broadening the appeal of tokenized assets to investors.