Franklin Templeton enabled peer-to-peer transfers for its BENJI tokenized money market fund on Stellar and Polygon, allowing direct investor-to-investor token transfers without intermediaries. The $380 million fund now supports secondary market trading and DeFi collateral use cases.
Franklin Templeton announced peer-to-peer token transfers for its Franklin OnChain U.S. Government Money Fund, enabling BENJI token holders to transfer shares directly without intermediaries. The BENJI token, deployed on Stellar and Polygon blockchains, represents shares in a fund holding government securities and cash equivalents. This development expands the token's utility for secondary market trading and DeFi applications like collateral for loans. The move positions Franklin Templeton competitively as tokenized Treasury assets grow to $1.2 billion, with newer entrants like BlackRock's BUIDL fund already offering similar peer-to-peer functionality.