BNB Chain Becomes Largest Network Supporting Franklin Templeton's $1.5 Billion Tokenized Fund

Franklin Templeton has expanded its BENJI tokenized money market fund to BNB Chain, making it the largest network supporting the fund. The $1.5 billion asset allocation on BNB Chain represents 61.71% of the total distribution.

The move is part of Franklin Templeton's multi-chain strategy and reflects growing institutional demand for tokenized financial products. BNB Chain's growth has been significant, with a 1,226% monthly increase in BENJI-related assets.

Stellar previously held the leading position after supporting Franklin Templeton's blockchain-based fund since its launch in 2021. However, BNB Chain has surpassed Stellar as the largest platform for the fund.