4.5% Tokenized Money Market Fund Launches on BounceBit Prime
Franklin Templeton’s 4.5% tokenized money market fund has launched on BounceBit Prime, bringing $692 million in on-chain U.S. government assets to traders. Launched in 2021, the tokenized money market fund issues the BENJI token and runs on Ethereum, Solana, Stellar, Avalanche and VeChain, with Anchorage Digital Bank providing institutional-grade collateral.
On BounceBit Prime, traders can use the fund for collateral, settlement and new DeFi yield strategies. The integration improves capital efficiency through programmable governance. It follows similar real-world asset tokenization initiatives by BlackRock and Fidelity and paves the way for tokenized stocks. As more RWAs migrate on-chain, crypto traders can expect expanding yield opportunities across exchanges and regions.
Bullish
The launch of Franklin Templeton’s tokenized money market fund on BounceBit Prime signals growing institutional adoption of on-chain real-world assets. In the short term, traders may increase demand for BENJI and related DeFi tokens to access the 4.5% yield, boosting TVL and liquidity on Ethereum, Solana, Stellar, Avalanche and VeChain networks. Over the long term, this integration enhances capital efficiency through programmable governance and establishes a blueprint for future tokenized stock products, driving further institutional inflows and market maturation. Overall, the development supports a bullish outlook for DeFi yield strategies and RWA tokenization.