Franklin Templeton is expanding its Benji Technology Platform to BNB Chain, aiming to improve access to digital asset investment products and facilitate the tokenization of traditional financial assets.

The platform's BENJI token, representing one share of FOBXX, has a total locked value of around $732 million, with nearly $480 million on the Stellar blockchain, highlighting significant institutional adoption.

Franklin Templeton's flagship fund, the FOBXX money fund, is the first mutual fund to utilize blockchain technology for transaction processing and record-keeping, demonstrating innovative use of digital assets in traditional finance.

The tokenized real-world asset (RWA) sector has recently surpassed $30 billion in on-chain value, nearly doubling since January 2025, reflecting rapid growth in this market.

This expansion coincides with BNB Chain's strong performance, with its token trading above $1,000 and reaching a new all-time high of over $1,080 on September 21, 2025.

BNB Chain, developed by Binance, has become the fifth-largest blockchain by market cap at about $141.7 billion, and is competing with Solana, which has seen its RWA assets surge to $671 million, driven by inflows like BlackRock's $150 million BUIDL fund.

Currently, over $542 million worth of real-world assets have been tokenized on BNB Chain, making it the eighth-largest in the world, with the overall RWA market expected to reach $30 trillion by 2030.

Despite ongoing regulatory hurdles, Nasdaq has filed a rule change with the SEC to enable trading of tokenized stocks and ETFs, aiming to integrate blockchain-based settlement into the broader financial market by 2026.

However, institutional adoption faces barriers such as fragmented regulation, legal uncertainties, and concerns over protocol enforceability, which could slow the growth of tokenized assets.

The tokenized assets market has grown 224% since early 2024, with most liquidity still concentrated in treasuries and short-term credit, indicating cautious but expanding market activity.

The Benji platform operates on eight blockchains, including Stellar, Ethereum, Arbitrum, and Solana, with a significant portion of assets on Stellar, supporting its cross-chain capabilities.

In June 2025, the Benji platform introduced an Intraday Yield feature, enabling second-by-second yield calculation and distribution, which enhances liquidity and flexibility in DeFi workflows.

Earlier in September 2025, Binance partnered with Franklin Templeton to bring crypto assets into traditional finance, viewing blockchain as a tool to reimagine legacy systems rather than compete with them.