Franklin Templeton has expanded the accessibility of its tokenized U.S. government liquidity fund, grBENJI, by listing it on HashKey Exchange’s Earn channel. This strategic move targets professional investors and underscores the asset management firm’s ongoing commitment to tokenized real-world assets (RWAs).
The Franklin OnChain U.S. Government Liquidity Fund, operating under the ticker grBENJI, invests primarily in U.S. government money market instruments and dollar cash assets. It is crucial to note that the product is exclusively available to professional investors and is not offered to the public in Hong Kong, as per source claims.
Franklin Templeton, an entity managing approximately $1.8 trillion in assets, has been active in the tokenized fund space since 2021. In that year, it pioneered by becoming the first U.S.-registered mutual fund to leverage a public blockchain for share ownership records. The firm has since bolstered its digital asset infrastructure, notably through the launch of Franklin Crypto via the acquisition of CoinFund spinoff 250 Digital, a transaction finalized in June. The grBENJI token was utilized as a component of the payment for this acquisition.
This listing on HashKey Exchange is part of a broader strategy by Franklin Templeton to broaden its digital asset distribution. The firm has previously extended the reach of the grBENJI token to the BNB Chain in collaboration with Binance. Additional partnerships include those with DigiFT and MoonPay Trade. Furthermore, Franklin Templeton has established a strategic alliance with Payward, the parent company of Kraken, which is anticipated to integrate grBENJI tokens as collateral and a cash management solution for institutional clients.
According to RWA.xyz, the BENJI token is currently yielding approximately 3.6% over seven and 30-day periods, with a net asset value of $1.00 and just over 1,100 holders. Yields for such products are structured to mirror the performance of the short end of the Treasury curve.
The increasing institutional demand for compliant RWAs that offer yield is addressed by this development. The availability of grBENJI on HashKey Exchange, a regulated platform, reflects the growing trend of traditional finance firms entering the digital asset sector to provide regulated avenues for yield generation. Franklin Templeton has expressed intentions to broaden its offerings beyond tokenized money market funds to include other tokenized products over time, indicating a sustained focus on this evolving market.
Why This Matters
The materials describe a narrow update: Franklin Templeton has made its tokenized U. Published figures for the fund’s size vary considerably depending on whether a single token or the whole suite is counted.
Broader Context
Source materials place the factual news in this context: Franklin Templeton manages $1.8 trillion in assets.
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