tl;dr
Franklin Templeton is launching its Benji tokenization platform on the Ethereum network, the fifth platform it has launched this year, following launches on Aptos, Avalanche, Arbitrum, and Base. Previously, the platform was only available on Stellar and Polygon. This move represents a significant st...
Franklin Templeton expands Benji tokenization platform to Ethereum, marking significant blockchain innovation for clients. The tokenized fund, BENJI, is now live on Ethereum, leveraging its Virtual Machine and smart contract functionality. Franklin Templeton's on-chain market fund, valued at $409 million, is the third largest, behind BlackRock’s BUIDL and Ondo’s USDY. Additionally, Franklin Templeton's tokenized fund, FOBXX, goes live on Coinbase’s Base blockchain, making traditional assets more accessible and secure. Franklin Templeton is launching its Benji tokenization platform on the Ethereum network, the fifth platform it has launched this year, following launches on Aptos, Avalanche, Arbitrum, and Base. Previously, the platform was only available on Stellar and Polygon. This move represents a significant step in the company's blockchain innovation plans, leveraging Ethereum's capabilities to enhance its tokenized funds. In an X post, Franklin Templeton announced that it is expanding its Benji tokenization platform to the Ethereum network. This follows earlier launches on Aptos, Avalanche, Arbitrum, and Base. The launch is a significant stride in the innovation path for blockchain solutions for clients, leveraging Ethereum’s Virtual Machine and smart contract functionality to enhance the capabilities of its tokenized funds. Franklin Templeton’s on-chain market fund, valued at $409 million, is the third largest, behind BlackRock’s BUIDL and Ondo’s USDY. Franklin Templeton’s tokenized fund, FOBXX, is also live on Coinbase’s Base blockchain, making traditional assets more accessible to manage, and the security and efficiency of blockchain will be an added advantage.