Tokenised money market fund
Franklin Templeton, asset manager, on Ethereum since November 2024.
BENJI is one share of the Franklin OnChain U.S. Government Money Fund (FOBXX), first launched on Stellar in 2021; Ethereum added 2024-11-14. Also on Base, Arbitrum, Polygon (Ethereum-family) and Stellar, Solana, Aptos, Avalanche, BNB Chain. Stellar remains the largest chain; Ethereum holds a small minority. Figures from rwa.xyz.
In the record
21
months from first observation to the record's assessment of August 2026
17
asset manager rows in the record, this one included
45
rows filed to Ethereum by their sources
What it bears on
R1Can we hold and administer this the way we hold everything else?
available
Qualified custody, fund administration and in-kind creation are available from named providers under existing mandates.
R3Do we know what this instrument is, legally, in every venue we operate?
needs design
ETH is a digital commodity in the United States and stablecoin law is in force. Market-structure legislation stalled, and jurisdictions are diverging.