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Franklin Templeton’s BENJI tokenized Treasury fund tops $2.5 billion in July

Franklin Templeton’s BENJI tokenized Treasury fund tops $2.5 billion in July

RWA.xyz data cited by BNB Chain shows about $1.5 billion of assets tracked under Franklin Templeton’s broader Benji platform now sit on the network, shifting the platform’s multi-chain distribution.

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Fact Check
The claim's central assertions are well corroborated. BNB Chain's official post and RWA.xyz data both confirm ~$1.5B of Franklin Templeton BENJI/Benji assets on BNB Chain, making it the largest network and reshaping multi-chain distribution. Crypto Briefing reports BENJI surged past $2.5B by July 2026 and The Defiant confirms tokenized treasury AUM crossed $2.5B, supporting the 'tops $2.5 billion in July' framing. The only nuance is that RWA.xyz shows the Benji platform distributed value at $2.44B (slightly under $2.5B) and that this platform figure includes multiple tokenized products distinct from the narrower BENJI money market fund; the '$2.5B' figure reflects broader BENJI/tokenized treasury growth. Given the strong agreement across the fund's official-linked data and reputable reporting, the claim is likely true.
Summary

Franklin Templeton’s Benji tokenization platform has shifted sharply toward BNB Chain, which now holds about $1.5 billion of the platform’s roughly $2.44 billion in distributed assets, or 61.71%, according to RWA.xyz data cited by the network. The increase, up 1,226% over the past month, pushed BNB Chain ahead of Stellar, which previously held the largest share. The update refers to the broader Benji platform rather than only the BENJI tokenized money market fund. RWA.xyz separately lists the BENJI asset at about $734.3 million, while the wider platform spans multiple tokenized products. Stellar holds about $573.4 million of distributed assets on the platform and Ethereum about $159.1 million, with Base, Arbitrum, Avalanche, Polygon and Aptos carrying smaller amounts. Franklin Templeton launched its blockchain-based money market fund on Stellar in 2021 as an early example of a U.S.-registered mutual fund using public blockchain technology for transaction processing and share ownership records. The firm has since expanded tokenized product distribution across additional networks and through partnerships including MoonPay Trade, Kraken parent Payward and Binance, as traditional asset managers increasingly use public blockchains to distribute regulated investment products.

Terms & Concepts
  • tokenization platform: A system that issues and manages blockchain-based representations of traditional financial assets.
  • distributed assets: Assets allocated or recorded across different blockchain networks under a tokenization platform.
  • onchain: Recorded, transferred or managed directly on a blockchain network.