Franklin Templeton and MoonPay Link Tokenized Money‑Market Funds for

Franklin Templeton, the $1.7 trillion asset manager, has teamed up with crypto‑payments firm MoonPay to give institutional investors a direct on‑chain route between stablecoins and its tokenized money‑market fund, BENJI [1]. The integration ties Franklin’s proprietary Benji Technology Platform to MoonPay Trade, the latter’s institutional execution and routing engine.

Key takeaways

• Eligible institutions can swap supported stablecoins for BENJI token shares and back without leaving the blockchain [3].
• The partnership leverages MoonPay Trade’s quote, routing and execution infrastructure to streamline liquidity for treasury, collateral and rebalancing needs [1].
• Tokenized money‑market funds aim to provide 24/7 yield and greater capital efficiency compared with traditional funds that trade only during market hours [2].
• The deal marks MoonPay’s first foray into listing a U.S.‑registered tokenized fund alongside crypto and fiat assets [3].

Building an On‑Chain Bridge for Institutional Liquidity

The collaboration was announced on June 2, 2026, and is described in a joint Business Wire statement as the first step toward a broader strategic relationship [3]. By linking Franklin’s Benji Technology Platform—its blockchain record‑keeping and transfer‑agency stack—with MoonPay Trade, the firms create a “trusted gateway” for institutions to move between stablecoin liquidity and tokenized fund exposure [3]. MoonPay Trade, launched in late May, aggregates capabilities from recent acquisitions (Decent, DFlow and Sodot) to support trades across more than 200 blockchains [3].

BENJI represents one share of Franklin’s OnChain US Government Money Fund (FOBXX), the first U.S.‑registered mutual fund to use a public blockchain as its system of record. The token now lives on multiple public chains with a total asset value of about $821 million, according to RWA.xyz [3]. While smaller than competing tokenized treasury products such as BlackRock’s BUIDL, BENJI remains the only U.S.‑registered mutual‑fund token in that tier [3].

Why it matters

The integration reflects a growing push by traditional asset managers to embed tokenized products within the digital‑asset ecosystem. For institutions, the ability to earn yield on idle stablecoins around the clock—rather than being limited to the trading hours of conventional money‑market funds—offers a new lever for liquidity management and collateral optimization [2]. Franklin’s digital‑asset team sees 2026 as a pivotal year for the convergence of stablecoins, tokenized funds and broader blockchain assets [2].

Looking ahead, both firms suggest the partnership will serve as a foundation for further expansion of tokenized finance, potentially widening access to other tokenized investment products and deepening on‑chain infrastructure for institutional markets [1][4]. The rollout remains limited to “eligible institutional users” who meet KYC and accreditation standards, with retail holders of BENJI continuing to use Franklin’s own Benji Investments app [3].