Franklin Templeton BENJI Token Now Allowed For P2P Trading

Key Points:

• Franklin Templeton BENJI token was enabled for peer-to-peer transfers within the Benji platform.
• Franklin OnChain U.S. Government Money Fund leads with $384M in assets, leveraging blockchain for share ownership.
• Accessible via the Benji app, investors benefit from Franklin Templeton’s pioneering approach to asset management.

Franklin Templeton, a prominent asset management firm, has unveiled a new peer-to-peer transfer function for BENJI security tokens.

Franklin Templeton BENJI Token Was Introduced Peer-to-Peer Transfers

This feature empowers users to seamlessly send Franklin Templeton BENJI tokens to other holders’ digital wallets within the Benji platform.

Benji, a retail and institutional mobile application, facilitates investment in tokenized securities and cryptocurrencies. Operated by Franklin Distributors, LLC, a division of Franklin Templeton, Benji offers access to the world’s first locally issued tokenized currency fund on blockchain technology.

The introduction of peer-to-peer transfers extends Franklin Templeton’s leadership in the tokenized U.S. Treasuries market. Represented by BENJI tokens on the Polygon and Stellar blockchains, the Franklin OnChain U.S. Government Money Fund boasts a 32% market share, equating to $384 million in assets.

Benji App Offers Access to Innovative Franklin Templeton Investments

Launched in 2021, the Franklin OnChain U.S. Government Money Fund pioneers the use of public blockchain for transaction processing and share ownership recording. Each Franklin Templeton BENJI token represents one share of the fund, with share ownership recorded via a proprietary blockchain-integrated system.

As of March 31, 2024, the fund managed over $360 million in assets, offering competitive yields while adhering to regulatory standards. Its investment objective is to provide investors with a high level of current income while preserving capital and liquidity, maintaining a stable $1.00 share price.

Both individual and institutional investors can access the fund through the Benji Investments app and Benji Institutional web portal, available on Android, iOS, and desktop platforms.

Franklin Templeton’s pioneering move underscores its commitment to innovation in asset management, with total assets under management in tokenized government securities surpassing $1.2 billion.