The firm utilized a public blockchain to manage records for its U.S.-registered mutual fund.
- Franklin Templeton has utilized the Stellar network's public blockchain for record-keeping for its OnChain U.S. Government Money Fund (BENJI), marking a significant adoption of blockchain for institutional-grade assets.
- The fund offers 24/7 market access and daily yield payouts directly to investors' digital wallets, demonstrating a shift towards more efficient, tokenized financial infrastructure.
- This integration, including a partnership with Binance for collateral use, highlights the practical application of blockchain beyond experimental phases, offering a distinct alternative to traditional money market funds.
Topics: Asset types, Infrastructure providers, Blockchain usage, Financial instruments, Major financial incumbents, Ethereum evm l 1 s
Tags: #franklintempleton #benjifund #stellarnetwork #tokenizedtreasuries #blockchainrecordkeeping #mutualfund #digitalwallets #binance #collateral