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Franklin Templeton is introducing intraday yields for Benji users.
Essentially, investors can “own tokenized security for a portion of the day, then transfer it to another investor and earn the yield for the period they were shareholders.”
Roger Baston of Franklin Templeton explained: “We open up market opportunities and things like collateral markets where money may move multiple times in a day so that we can actually split the day and do that, but as long as we’re in Benji, we can get the interest of that part of the day and start to find applications and other things too.”
and Investors can now purchase tokenized securities using Stablecoins.
Baston told me that the announcement was just one of many things he and his team are working on. They have been “head down” to focus on bringing new utilities to Benji.
Currently, the US has around $7 trillion in money market fund assets, and there is room for improvement.
“So private funds from cryptocurrency that use Stablecoins as collateral for structured transactions can begin using Benji in that structure… that collateral market activity is all new use cases for the money market.
And, look, I know what you’re thinking: these tokenized funds aren’t the sexiest crypto use case, but obviously there’s a lot of capital to tap out there.
Additionally, Baston believes, “If Stable Coin was generally a blockchain killer app, then tokenized money funds would be separate funds as they complement each other.”
He admitted he spent a lot of time looking at how he can gain liquidity between the two.
“Money funds are five business days. There is liquidity between these two things as Stable Coins are open 24/7. I think this is a future opportunity for market makers and market participants,” he said.
But he also learns that he is not just Regarding this year’s tokenization.
“What I’m learning in 2025 is that using many different assets on blockchain rails is effective as collateral. And if you act as collateral, it means you owe something to it. Well, this is a banking business.
