Franklin Templeton’s BENJI Tokenized Money Fund Reaches $1.98 Billion in Assets

According to Franklin Templeton, its Franklin OnChain U.S. Government Money Fund, operating as the BENJI token, has been live for five years and ranks as the second-largest real-world asset on Stellar (blockchain payment network) as of April 2026.

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Summary

Franklin Templeton said its Franklin OnChain U.S. Government Money Fund, which operates as the BENJI token, reached $1.98 billion in assets. The company said the fund has been live for five years. As of April 2026, Franklin Templeton stated that the product had become the second-largest real-world asset on Stellar (blockchain payment network). The update highlights continued use of tokenization, a process that represents traditional financial assets on blockchain rails, in money-market style products tied to U.S. government securities.

Terms & Concepts
  • Real-world asset: A traditional financial asset represented on blockchain, such as a fund, bond, or other off-chain instrument tokenized for digital settlement.
  • Tokenization: The process of creating a blockchain-based digital representation of an existing asset or financial claim.
  • Stellar: A blockchain network focused on payments and asset issuance, often used for moving tokenized financial products.