Franklin Templeton expands RWA tokenization platform to BNB Chain

Franklin Templeton, an asset manager with over $1.6 trillion in assets under management, has expanded its tokenized products platform to BNB Chain.

Franklin Templeton’s move adds to the growing traction of asset tokenization, with Benji Technology bringing real-world assets onchain via BNB Chain. The integration comes as data shows the global value of RWA onchain has grown more than eight percent in the past month to over $30.4 billion.

BNB Chain’s total value locked in decentralized finance protocols is currently at $14.4 billion.

BNB Chain-Franklin Templeton integration 

Benji is Franklin Templeton’s proprietary tokenization stack, and going live on BNB Chain enables the asset manager to connect with an ecosystem that boasts a robust and rapidly expanding base of both institutional and retail investors.

The asset manager will use the BNB Chain blockchain for transactions and ownership records of its real-world assets, including mutual funds, money markets, and stocks, among others. 

According to rwa.xyz, the RWA value currently on the BNB Chain is about $448 million, with platforms such as Binance, Circle and Securitize among those to bring tokenized products to the BNB (BNB) blockchain network.

Meanwhile, stablecoins, U.S. Treasuries and commodities are some of the RWA onchain on this platform. Franklin Templeton’s integration expands it.

“Our goal is to meet more investors where they’re active, while continuing to push the boundaries of what tokenization can deliver with security and compliance at the forefront,” said Roger Bayston, head of digital assets at Franklin Templeton. “Together, Franklin Templeton and BNB Chain will work to deliver tokenized assets with greater utility and enhanced features for retail and institutional clients across the globe.”

To accelerate this growth, the asset manager will introduce its US OnChain Government Money Fund to BNB Chain. The $731 million fund, with the ticker BENJI, is already live on multiple blockchains, including Stellar, Arbitrum, Ethereum, Solana, and Avalanche.

Integration with BNB Chain further bridges the gap between traditional and decentralized finance.