Franklin Templeton Enables Peer-to-Peer Transfers for $380M Blockchain Fund

The asset management firm enhances its OnChain U.S. Government Money Fund, allowing direct token exchanges among investors.

Franklin Templeton has activated peer-to-peer transactions for its OnChain U.S. Government Money Fund, represented by the BENJI token.
The fund, holding $380 million, is based on the Stellar and Polygon blockchains and includes U.S. government securities and cash.
This move positions Franklin Templeton at the forefront of tokenizing traditional financial assets like U.S. Treasuries.
Competitors such as BlackRock's BUIDL fund are also advancing in the market for tokenized financial assets.
The development could increase the fund's integration with broader digital asset markets and enhance its utility in decentralized finance.