BNB Chain acquires 61.7% of Franklin Templeton’s Benji Platform

$BNB Chain has become the largest blockchain of assets tracked under Franklin Templeton’s Benji tokenization platform, with approximately $1.5 billion recorded on the network.

According to RWA.xyz data cited by BNB Chain, this figure represents 61.71% of the platform’s decentralized asset value.

This milestone marks a radical change in the platform’s network distribution. $BNB The chain’s holdings increased by 1,226% last month, surpassing Stella, which previously held the largest share. This data refers to the broader Benji platform, not just the standalone BENJI Tokenized Money Market Fund.

$BNB Chain holds the largest share of Benji assets

RWA.xyz lists Franklin Templeton’s Benji platform with approximately $2.44 billion in diversified assets as of July 18. $BNB Chains accounted for about $1.5 billion of that. Stellar follows with around $573.4 million, followed by Ethereum with around $159.1 million.

Base, Arbitrum, Avalanche, Polygon, and Aptos hold smaller amounts. This migration will change the Benji technology platform to $BNB Chain in 2025. The integration allows asset managers to $BNB A chain of transactions and ownership records associated with a tokenized financial instrument.

RWA.xyz separately lists BENJI’s assets at approximately $734.3 million, demonstrating why the platform and fund numbers should not be treated as the same. The broader platform includes multiple tokenized products, with BENJI representing one share of the Franklin OnChain US Government Money Fund for investors.

Stellar remains at the heart of Franklin Templeton’s tokenization history

Franklin Templeton launched a blockchain-based money market fund with Stellar in 2021. The product became an early example of a U.S. registered mutual fund that uses public blockchain technology to process transactions and maintain stock ownership records.

Cryptocurrency analyst ALLINCRYPTO said Stellar provided the initial foundation before Franklin Templeton expanded its tokenization strategy to more networks. However, the current RWA.xyz data shows: $BNB Chain currently holds the largest share of assets tracked across the broader Benji platform. The data does not indicate how much of the recent increase is due to new issuance compared to assets moved between networks.

Franklin Templeton expands access to BENJI across crypto platforms

Franklin Templeton has also expanded the use of its tokenization product through major cryptocurrency companies. As reported by crypto.news, the company added BENJI to MoonPay Trade in June, allowing eligible institutional customers to move between stablecoins and tokenized fund products through its on-chain trading system.

The asset manager also partnered with Payward, Kraken’s parent company, to integrate BENJI as a collateral and cash management tool. As reported by crypto.news, the partnership also includes plans to develop more tokenized investment products. A separate deal between Franklin Templeton and Binance will allow eligible institutions to use tokenized money market fund shares as off-exchange collateral.

Tokenized finance gains wider institutional distribution

Franklin Templeton’s multi-chain strategy comes as more traditional financial companies use public blockchains to distribute regulated investment products. The company has expanded its tokenization efforts across several networks while developing new products and distribution partnerships.

As reported by crypto.news, Franklin Templeton is also working with Ondo Finance on a tokenized ETF designed for 24-hour wallet-based trading outside the United States. Latest $BNB Chain data shows how rapidly blockchain distribution changes as issuers add new networks and institutional access points.

For now, $BNB While Chain leads Franklin Templeton’s broader Benji platform by decentralized value, Stellar remains the network where the company launched its public blockchain fund strategy.