Franklin Templeton and MoonPay Expand Institutional Investment Options

Franklin Templeton has expanded its tokenized money market fund offerings with a new partnership with MoonPay. The collaboration allows institutions to access BENJI, Franklin Templeton's tokenized money market fund, through MoonPay's on-chain trading system.

The integration enables institutions to swap stablecoins such as USDC and USDT for BENJI, providing a direct path into stablecoin liquidity and an on-chain entry point for institutions seeking exposure to tokenized money market products. Franklin Templeton emphasized that this setup can support treasury management, portfolio rebalancing, collateral use, and liquidity provision.

MoonPay stated that the partnership expands its institutional business beyond crypto, fiat, and stablecoins. The company's CEO, Caroline Pham, a former acting chair of the Commodity Futures Trading Commission, highlighted the potential benefits of tokenized money market funds in improving liquidity and capital efficiency when institutions can access the on-chain financial system.