Franklin Templeton Expands Benji Platform to BNB Chain for RWAs
Franklin Templeton, with $1.6 trillion in assets under management, is expanding its Benji Technology Platform to the BNB Chain. This move marks a significant institutional integration for BNB Chain, which is becoming a key destination for tokenized financial products.
- The Benji Technology Platform facilitates bringing traditional funds on-chain.
- BENJI tokens represent Franklin Templeton's OnChain US Government Money Fund shares.
- Transaction records are maintained across multiple blockchains, including Ethereum, Avalanche, Stellar, and Polygon.
- Roger Bayston from Franklin Templeton stated they aim to deliver enhanced tokenized assets for clients globally.
The announcement aligns with BNB's price trading above $1,000 after reaching over $1,080 recently. The integration enhances client access to tokenized investments via BNB Chain, known for dollar-pegged tokenized financial products.
In comparison, Solana has seen an RWA surge to $671 million, supported by substantial inflows from BlackRock's BUIDL fund. BNB seeks similar growth as Franklin Templeton expands the Benji platform.
Meanwhile, speculative projects like Maxi Doge (MAXIDOGE) are gaining interest, offering high-risk opportunities. The presale has raised over $2.5 million, nearing its $2.8 million target.