Franklin Templeton and Stellar mark five years of BENJI, the first U.S.-registered money market fund using a public blockchain as its system of record. Now representing over $650 million in value, BENJI pioneered tokenized funds with peer-to-peer transferability and intraday yield, spawning a multi-billion-dollar tokenization market.
Franklin Templeton and the Stellar Development Foundation celebrate five years of BENJI (FOBXX), the first U.S.-registered mutual fund to use a public blockchain as its official system of record. Launched in 2021 on Stellar, BENJI introduced peer-to-peer share transferability, daily onchain dividend distribution, and intraday yield accrued by the second. The fund now holds over $650 million in assets and has processed over $211 million in cumulative P2P transfer volume. Investor growth exceeded 140% from April 2024 to March 2026, with the broader BENJI suite reaching $1.98 billion in AUM. Franklin Templeton has expanded the Benji Technology Platform globally, launching tokenized funds in Luxembourg and Singapore on Stellar, and is using BENJI tokens as payment consideration in its pending acquisition of 250 Digital.
