Franklin Templeton has introduced its BENJI platform to the VeChain Blockchain, aiming to integrate corporate payments and expand coverage, providing stablecoin options for businesses operating on VeChain. The BENJI platform is available on at least seven blockchains, with market capitalization primarily coming from Stellar.

PANews reported on February 12th that Franklin Templeton announced on X platform that its on-chain US Treasury currency fund "BENJI" is now live on Solana. Franklin Templeton stated that Solana is a fast, secure, and censorship-resistant Layer 1 blockchain that encourages global adoption through its open infrastructure.

Golden Finance reports that Franklin Templeton's digital asset division announced the launch of a patented feature for daily income on its tokenization asset platform Benji, allowing investors to receive real-time calculated income after holding tokenized securities for just a few seconds. This feature is initially deployed on the Stellar blockchain and will be expanded to Ethereum and the remaining 7 supported networks in the future. The new mechanism breaks through the traditional financial model of daily settlement of income, and also calculates and distributes daily income on non-trading days. The platform simultaneously opens the on-chain wallet direct connection function, allowing users to directly subscribe or redeem tokenized securities using stablecoins.

RWA.xyz data shows that six entities hold 88% of tokenized U.S. Treasury bonds, with BlackRock remaining the largest issuer, its BUIDL fund having a market capitalization of $2.5 billion, leading competitors by 360%. The top six funds include Franklin Templeton's BENJI, Superstate's USTB, Ondo's USDY, Circle's USYC, and Ondo's OUSG, with a combined market capitalization of over $3 billion.

November 1st news, Franklin Templeton Digital