Franklin Templeton Tokenizes U.S. Treasuries on BNB Chain
Franklin Templeton has expanded its BENJI real-world asset tokenization platform to BNB Chain. The platform was first launched on Ethereum, Avalanche and other blockchains for the Franklin OnChain U.S. Government Money Fund (FOBXX), securing $732 million in assets. Following a strategic partnership with Binance, U.S. Treasury securities are now tokenized as BENJI tokens on BNB Chain. Users can earn around 4.5% APY and enjoy one-day settlement in Binance USD (BUSD). By leveraging BNB Chain’s low fees and high throughput, the move aims to democratize access to U.S. sovereign debt. This expansion enhances DeFi liquidity and fractional ownership of money market funds. The development underscores the trend of real-world asset tokenization, despite ongoing regulatory uncertainties.
Bullish
This news is bullish for BNB Chain. Short-term, the integration of Franklin Templeton’s BENJI platform on BNB Chain and the issuance of tokenized U.S. Treasuries increase on-chain activity and demand for BNB and BUSD, potentially driving up liquidity and token value. Long-term, growing adoption of real-world asset tokenization by institutional players like Franklin Templeton strengthens BNB Chain’s reputation as a preferred network for compliant, low-cost DeFi solutions. Continued regulatory clarity and further partnerships could sustain positive momentum and price stability.