Franklin Templeton enabled peer-to-peer transfers for its BENJI token, representing shares in its on-chain U.S. Government Money Fund on Polygon and Stellar. The fund holds $384 million in assets and leads the tokenized U.S. Treasuries market with 32% share.
Franklin Templeton has activated peer-to-peer transfer functionality for BENJI token holders, allowing direct share transfers in its on-chain U.S. Government Money Fund. The fund operates on both Polygon and Stellar blockchains and currently leads the tokenized government securities market with $384 million in assets representing 32% market share. However, competition is intensifying as BlackRock's BUIDL fund captured 25% market share within a month of launch. Franklin Templeton, which pioneered blockchain-based fund management in 2021, aims for seamless integration with the broader digital asset ecosystem. The tokenized government securities sector now manages approximately $1.2 billion in total assets.
