Franklin Templeton Brings BENJI Tokenized Fund to MoonPay

BENJI Moves Into Onchain Institutional Workflows

The integration gives BENJI holders a direct route to swap into stablecoins, reducing friction between holding a tokenized money market fund and returning to stablecoin liquidity. The product is also being positioned for broader onchain workflows, including treasury management, liquidity provision, collateral and portfolio rebalancing.

Franklin Templeton Head of Innovation & Digital Assets Sandy Kaul said tokenized money market funds become more useful when they can move with the “speed and programmability” of the wider digital asset ecosystem. Kaul said the partnership creates another “trusted gateway” for institutions to move between stablecoin liquidity and tokenized fund exposure.

MoonPay Institutional CEO Caroline Pham said tokenized money market funds can offer “improved liquidity and capital efficiency,” but institutions need access to the onchain financial ecosystem to use them effectively. Pham said MoonPay’s strategic partnership with Franklin Templeton on liquidity and collateral solutions reflects innovations driving “institutional adoption of digital assets.”

MoonPay Trade was introduced in late May 2026 as an institutional-grade onchain execution platform. The platform provides institutions and enterprises with a single API to access 200+ blockchains, covering cross-chain routing, trade execution, settlement, collateral movement and tokenized asset transactions with compliance built in.

MoonPay Trade is supported by MoonPay acquisitions of Decent for cross-chain routing and liquidity, DFlow for trading infrastructure, and Sodot for crypto key-management infrastructure. The Franklin Templeton integration gives that platform a tokenized-fund use case shortly after launch.

Franklin Templeton had about $1.74 trillion in assets under management, based on its latest quarterly report. The Franklin OnChain U.S. Government Money Fund, known as FOBXX or BENJI, was the first U.S.-registered mutual fund to use a public blockchain at launch in 2021.

We’ve launched the all-new COIN360 Perp DEX, built for traders who move fast!

Trade 130+ assets with up to 100× leverage, enjoy instant order placement and low-slippage swaps, and earn USDC passive yield while climbing the leaderboard. Your trades deserve more than speed — they deserve mastery.

Franklin Templeton Expands Tokenized Asset Strategy

Franklin Templeton has expanded BENJI through multiple partnerships. The firm has worked with Payward, the parent company of Kraken, with plans to tokenize additional traditional investment products. Franklin Templeton also partnered with Binance to extend BENJI as a form of off-exchange collateral.

Franklin Templeton agreed in April 2026 to buy 250 Digital, a spinoff from venture firm CoinFund, to expand its crypto investment offering. Franklin Crypto will be anchored by the acquisition of 250 Digital and will focus on active crypto investment strategies, while the broader firm continues building tokenized versions of traditional financial products.

Franklin Templeton is also working with Ondo Finance to tokenize a suite of ETFs. Together with the MoonPay, Payward, Binance and 250 Digital moves, the efforts show Franklin Templeton building access points for BENJI across stablecoin switching, exchange collateral, product tokenization and institutional crypto strategies.

Kaul said Franklin Templeton sees 2026 as the year of the “universal liquidity layer,” where stablecoins, tokenized funds and other forms of digital money become interoperable across trading, lending and collateral applications.

Kaul said one compelling institutional use case is the ability to move stablecoin balances into tokenized money market funds and earn yield around the clock. Kaul contrasted crypto’s always-on structure with traditional money market fund mechanics, saying, “We trade 24/7.” Kaul said demand for moving between stablecoins and tokenized money market funds while maintaining exposure to yield-generating assets has been “tremendous demand.”