BNB Chain has become the largest blockchain of assets tracked under Franklin Templeton’s Benji token platform, with approximately $1.5 billion recorded on the network.
Summary
- The BNB Chain now hosts $1.5 billion in assets for the Franklin Templeton Benji platform, which leads all networks.
- RWA.xyz data shows that BNB Chain held 61.71%, while Stellar fell to second place overall.
- Franklin Templeton continues to expand token finance through Kraken, MoonPay, Binance, and many other public blockchains around the world.
The figure represents 61.71% of the platform’s total distributed assets, according to RWA.xyz data cited by BNB Chain.
The milestone marks a sharp change in the platform’s network distribution. BNB Chain shares have risen 1,226% in the past month, moving ahead of Stellar, which previously held the largest share. The data refers to the broader Benji platform than just the BENJI independent money market fund.
BNB Chain takes the largest share of Benji assets
RWA.xyz lists Franklin Templeton’s Benji platform as having about 2.44 billion assets as of July 18th. BNB Chain makes up about 1.5 billion of that total. Stellar follows with about $573.4 million, while Ethereum holds about $159.1 million.
Foundation, Arbitrum, Avalanche, Polygon and Aptos hold smaller amounts. This change follows Franklin Templeton’s decision to bring the Benji Technology Platform to the BNB Chain in 2025. The integration allowed the asset manager to use the BNB Chain for transactions and ownership records integrated with token financial products.
RWA.xyz separately lists BENJI’s assets at around $734.3 million, which shows why platform and wallet figures should not be taken as the same. The broad platform includes many token products, while BENJI represents one part of the Franklin OnChain US Government Money Fund for investors.
Stellar remains central to Franklin Templeton’s token history
Franklin Templeton launched its blockchain-based money market fund Stellar in 2021. The product was the first example of a mutual fund registered in the US that used public blockchain technology to process transactions and maintain records of share ownership.
Crypto analyst ALLINCRYPTO said Stellar provided the initial foundation before Franklin Templeton expanded his token strategy across multiple networks. However, current RWA.xyz data shows that BNB Chain now has the largest share of tracked assets across the Benji platform. The data does not show how much of the recent increase comes from new releases compared to goods moved between networks.
Franklin Templeton expands BENJI’s reach to all crypto platforms
Franklin Templeton is also expanding the use of its token products through major crypto companies. As reported by crypto.news, the company added BENJI to MoonPay Trade in June, allowing eligible institutional clients to move between stablecoins and token wallet products through an onchain trading system.
The asset manager has also partnered with Kraken Payward’s parent to integrate BENJI as a collateral and money management tool. As reported by crypto.news, the partnership also includes plans to develop multi-token investment products. Franklin Templeton and Binance’s separate arrangement allows eligible institutions to use token market fund shares as collateral for trading.
Token funds are gaining wider institutional distribution
Franklin Templeton’s multi-chain strategy comes as more traditional financial firms use public blockchains to distribute regulated investment products. The company expanded its tokenization operations across several networks while also developing new products and distribution relationships.
As reported by crypto.news, Franklin Templeton also worked with Ondo Finance on ETF tokens designed for trading based on a watch wallet outside the United States. The latest BNB Chain data shows how quickly blockchain distribution can change as issuers add new networks and institutional access points.
Currently, BNB Chain leads Franklin Templeton’s extensive Benji platform for distributed value, while Stellar is still the network where the company started its public blockchain wallet strategy.
