Bitcoin
Bitcoin (BTC)
$101,268.00 0.82434
Bitcoin price
Ethereum
Ethereum (ETH)
$3,897.38 0.37446
Ethereum price
BNB
BNB (BNB)
$726.25 2.63078
BNB price
Solana
Solana (SOL)
$223.60 -1.85743
Solana price
XRP
XRP (XRP)
$2.42 2.82738
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000282 0.08263
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000247 4.28229
Pepe price
Bonk
Bonk (BONK)
$0.000038 0.25067
Bonk price
dogwifhat
dogwifhat (WIF)
$2.92 -1.52475
dogwifhat price
Popcat
Popcat (POPCAT)
$1.20 -2.68693
Popcat price
Bitcoin
Bitcoin (BTC)
$101,268.00 0.82434
Bitcoin price
Ethereum
Ethereum (ETH)
$3,897.38 0.37446
Ethereum price
BNB
BNB (BNB)
$726.25 2.63078
BNB price
Solana
Solana (SOL)
$223.60 -1.85743
Solana price
XRP
XRP (XRP)
$2.42 2.82738
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000282 0.08263
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000247 4.28229
Pepe price
Bonk
Bonk (BONK)
$0.000038 0.25067
Bonk price
dogwifhat
dogwifhat (WIF)
$2.92 -1.52475
dogwifhat price
Popcat
Popcat (POPCAT)
$1.20 -2.68693
Popcat price
Bitcoin
Bitcoin (BTC)
$101,268.00 0.82434
Bitcoin price
Ethereum
Ethereum (ETH)
$3,897.38 0.37446
Ethereum price
BNB
BNB (BNB)
$726.25 2.63078
BNB price
Solana
Solana (SOL)
$223.60 -1.85743
Solana price
XRP
XRP (XRP)
$2.42 2.82738
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000282 0.08263
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000247 4.28229
Pepe price
Bonk
Bonk (BONK)
$0.000038 0.25067
Bonk price
dogwifhat
dogwifhat (WIF)
$2.92 -1.52475
dogwifhat price
Popcat
Popcat (POPCAT)
$1.20 -2.68693
Popcat price
Bitcoin
Bitcoin (BTC)
$101,268.00 0.82434
Bitcoin price
Ethereum
Ethereum (ETH)
$3,897.38 0.37446
Ethereum price
BNB
BNB (BNB)
$726.25 2.63078
BNB price
Solana
Solana (SOL)
$223.60 -1.85743
Solana price
XRP
XRP (XRP)
$2.42 2.82738
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000282 0.08263
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000247 4.28229
Pepe price
Bonk
Bonk (BONK)
$0.000038 0.25067
Bonk price
dogwifhat
dogwifhat (WIF)
$2.92 -1.52475
dogwifhat price
Popcat
Popcat (POPCAT)
$1.20 -2.68693
Popcat price

Franklin Templeton enables P2P transfers for $380m tokenized treasury fund

franklin-templeton-enables-p2p-transfers-for-380m-tokenized-treasury-fund
Edited by
News
Franklin Templeton enables P2P transfers for $380m tokenized treasury fund

Franklin Templeton enables peer-to-peer transfers for its $380 million money market fund via its BENJI token on Stellar and Polygon blockchains.

The Franklin OnChain U.S. Government Money Fund (FOBXX) investors can now transfer the fund’s BENJI token directly between each other without any intermediary.

The token, available on the Stellar (XLM) and Polygon (MATIC) blockchains, represents shares in the fund that holds government securities, cash, and repurchase agreements, providing a steady yield to token holders.

According to Jason Chlipala, chief business officer of Stellar Development Foundation, enabling peer-to-peer transfers puts Franklin Templeton at the forefront of the financial sector, promoting openness, transparency, and accessibility.

This development is important as it enhances the token’s utility. It could potentially facilitate trading on secondary markets or serve as collateral for loans in decentralized finance (defi) platforms.

Roger Bayston, head of digital assets at Franklin Templeton, emphasized the importance of integrating blockchain-based assets seamlessly into the broader digital asset ecosystem. Tokenized U.S. Treasuries represent a growing trend in bringing traditional financial assets to blockchain rails, with the market for such assets reaching $1.2 billion, according to rwa.xyz data.

BENJI, launched in 2021, holds the largest market capitalization among similar offerings, with newcomers like Ondo Finance and BlackRock’s BUIDL fund, with Securitize gaining ground by allowing peer-to-peer token transfers.