Franklin Templeton Expands $742M Fund to BNB Chain
Franklin Templeton, a major asset manager, is expanding its $742 million Benji OnChain US Government Money Fund to the BNB Chain. The Benji platform tokenizes shares into BENJI tokens, enabling peer-to-peer transfers, daily subscriptions, and real-time NAV tracking.
Key Points
- The fund has distributed over $51 million in dividends and now operates across multiple blockchains.
- Integration with BNB Chain aims to leverage the network’s low fees, high speed, and strong adoption.
- BNB Chain's liquidity is growing, with $51 billion in perpetual trading volume noted.
- Competitors like Solana, Ripple, and Securitize are also pursuing tokenization opportunities.
BNB Price Analysis
- BNB trades around $989, having recently surpassed $1,000.
- A breakout from a multi-year ascending triangle suggests a potential move toward $10,000, a 900% increase.
- Indicators show a bullish MACD crossover and RSI at 68.95, indicating strong buying momentum.
- A breakdown below $675–$700 support could lead to a drop to the $200 zone, a 79% decline.
Institutional Adoption
- Franklin Templeton’s move to expand Benji to BNB Chain indicates growing institutional adoption of blockchain.
- If technical patterns hold, BNB could experience significant growth.
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