Franklin Templeton has announced a strategic integration of its on-chain money market fund, BENJI, with the institutional platform MoonPay Trade. This partnership allows professional investors to execute direct exchanges between supported stablecoins and shares of the Franklin Templeton U.S. Government Money Fund. By leveraging blockchain technology, the asset manager aims to enhance liquidity and streamline the process of converting digital assets into regulated financial instruments, marking a significant step in the convergence of traditional finance and decentralized infrastructure.
Streamlining Institutional On-Chain Liquidity
The collaboration connects Franklin Templeton’s proprietary Benji Investments platform with MoonPay’s advanced quoting, routing, and execution engine. This technical bridge enables institutional users to move seamlessly between stablecoin holdings and the tokenized money market fund, with full support for reverse conversions. The integration is designed to reduce the friction typically associated with moving capital between the fiat-backed digital ecosystem and traditional government-backed securities.
Expanding Use Cases for Tokenized Assets
According to Franklin Templeton, the ability to access immediate liquidity via MoonPay expands the utility of BENJI tokens across several critical financial workflows. Institutional participants can now utilize the fund for:
- Direct treasury management and cash equivalent storage.
- Automated portfolio rebalancing using on-chain rails.
- Providing high-quality collateral for decentralized and centralized credit markets.
BENJI holders will be able to exchange for stablecoin liquidity via MoonPay and utilize the fund in on-chain workflows such as treasury management, portfolio rebalancing, and collateral.
The Growth of On-Chain Money Market Funds
As of June 2026, the trend of "Real World Asset" (RWA) tokenization continues to gain momentum as major financial institutions migrate legacy products onto distributed ledgers. The Franklin Templeton U.S. Government Money Fund remains a pioneer in this sector, utilizing public blockchains to provide transparency and 24/7 settlement capabilities. By integrating with execution engines like MoonPay Trade, the fund increases its accessibility for a broader range of decentralized finance (DeFi) applications and institutional investors who require high-velocity capital movements.
The integration represents a significant milestone in the maturation of the tokenized security market. By providing a regulated bridge to stablecoin liquidity, Franklin Templeton reinforces the role of tokenized money market funds as a foundational layer for modern digital asset portfolios, offering a yield-bearing alternative to standard stablecoins while maintaining the efficiencies of blockchain-based execution.
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