Franklin Templeton Expands Benji Platform to BNB Chain
Franklin Templeton has expanded its Benji platform to Binance’s BNB Chain, extending tokenization beyond Ethereum, Tezos, and Avalanche. The Benji platform now offers faster on-chain settlements, daily yield distributions, and transparent transfers for tokenized funds such as the Franklin Liberty Tokenized US Government Money Market ETF (FLTG).
By migrating the tokenization of its FOBXX money market fund to BNB Chain, Franklin Templeton taps into lower transaction fees and higher throughput. The Benji platform, now managing over $657 million in assets, will also ensure UCITS compliance as it migrates additional funds.
This integration deepens the collaboration between traditional finance and DeFi, strengthening BNB Chain’s role in real-world asset tokenization. Traders should monitor BNB Chain gas fees and on-chain volume for early signals of growing demand and potential liquidity boosts in tokenized assets.
Bullish
The integration of the Benji platform with BNB Chain is likely to drive increased on-chain activity and liquidity due to lower fees, faster settlements, and new real-world asset token offerings. In the short term, traders may see rising BNB transaction volumes and on-chain volume as institutions migrate tokenized funds, supporting bullish momentum. Over the long term, deeper DeFi adoption by traditional finance and UCITS-compliant tokenized products could establish sustained demand for BNB, reinforcing network growth and price appreciation.