benji

According to CoinDesk, Franklin Templeton has expanded its "Over-the-Counter Collateral Program" to Bybit, allowing users of the exchange to use their tokenized money market fund shares for cryptocurrency trading. Users can use the shares as collateral to borrow stablecoins USDT or USDC, while the underlying assets continue to generate returns. The relevant shares represent approximately $686 million in net assets.The underlying assets will not be transferred to Bybit but will be held off-chain by the regulated custody platform ByCustody, with their value mirrored in the Bybit trading environment, thereby generating returns while releasing trading liquidity. The shares are issued through the Benji technology platform, which is Franklin Templeton's proprietary blockchain-integrated record-keeping and transfer agency infrastructure, currently paying an annualized return of 3.7% based on the latest 7-day interest rate.This is not Franklin Templeton's first foray into over-the-counter collateral partnerships, as it has previously offered tokenized money market funds to Binance and OKX clients. Sandy Kaul, Head of Digital Assets and Innovation at Franklin Templeton, stated that investors can now use collateral more efficiently across major exchanges and earn returns from it, which is crucial for ecosystem growth. This expansion also reflects industry trends, with platforms like Crypto.com and Deribit allowing qualified users to use BlackRock's BUIDL fund as trading collateral.

Asset management company Franklin Templeton plans to incorporate the tokenized money market fund Franklin Onchain U.S. Government Money Fund (BENJI) as holdings or collateral into exchange-traded funds (ETFs) and mutual funds, involving an asset scale of approximately $2.6 billion, with the earliest launch possible in the fourth quarter.The U.S. Securities and Exchange Commission (SEC) has approved a no-action letter for this structure, allowing funds under Franklin Templeton to use BENJI for cash management and collateral purposes, but it still requires approval from the boards of the respective funds. The company currently manages over 130 ETFs and approximately $82 billion in ETF assets, with mutual fund assets around $790 billion.Franklin Templeton has distributed tokenized funds through digital wallets and plans to launch more tokenized products for cash or collateral management across its broader fund product line. The market size for tokenized assets has now exceeded $38 billion.

ARK Invest's Director of Digital Asset Research, Lorenzo Valente, stated, "The importance of Musk recruiting Benji Taylor to join the X platform as Chief Designer may be underestimated by many. Benji Taylor founded the self-custody crypto wallet Family, which was later acquired by Aave, where he served as CPO, and joined Base in 2024 as Head of Design. If you only consider the basic fintech user experience, then this type of talent may not be suitable for you. It is increasingly likely that wallets, on-chain payments, and eventually DeFi will become part of X's development roadmap."

Former Base design director Benji Taylor stated that he has joined the X platform and will lead the design team, "looking forward to working closely with Elon Musk, Nikita Bier, and other team members."

Franklin Templeton, an asset management company, announced that its Benji technology platform has officially been deployed and activated on the Canton Network blockchain. This integration aims to further expand Franklin Templeton's presence in the regulated digital asset market by connecting Canton’s global collateral network, achieving a seamless link between traditional financial infrastructure and blockchain networks.According to the introduction, this move will provide institutional investors with broader access to tokenized investment products and bring new sources of liquidity and collateral for market makers and institutions, while maintaining high standards in compliance and privacy protection.The Benji platform is the core support of Franklin Templeton's tokenization strategy and has facilitated the launch of the first registered mutual fund in the U.S. to utilize blockchain for trading and record-keeping.Canton Network, developed by Digital Asset and supported by major financial institutions such as Goldman Sachs and BNP Paribas, is dedicated to creating a permissioned blockchain infrastructure that connects traditional finance with digital markets. This collaboration further solidifies its position in the institutional-grade decentralized finance space.

According to Decrypt, asset management giant Franklin Templeton has announced the expansion of its proprietary Benji technology platform to the Canton network, which is a private blockchain aimed at regulators.

ChainCatcher news, according to The Block, Franklin Templeton is expanding its Benji technology platform to the BNB Chain, aiming to broaden investors' access to tokenized investment products.The Benji platform is a tokenization platform independently developed by Franklin Templeton, designed to support the trading, management, and operation of token-based investment products. The platform was used in 2021 to launch the world's first on-chain registered U.S. mutual fund and currently supports multiple tokenized products for the company, serving both retail and institutional clients.

ChainCatcher news, stablecoin protocol STBL CEO Avtar Sehra announced that the next steps for the protocol include minting 100 million stablecoins USST using Franklin Templeton's BENJI token, and announced partnerships with several companies, including a U.S. payment company. The protocol is expected to open to the public in the fourth quarter.

ChainCatcher news, according to Decrypt, Franklin Templeton's digital assets division announced the launch of the patented feature "Intraday Earnings" on its tokenized asset platform Benji, allowing investors to earn real-time calculated returns by holding tokenized securities for just a few seconds. This feature is initially deployed on the Stellar blockchain and will be expanded to Ethereum and seven other supported networks in the future.The new mechanism breaks the traditional financial model of daily settlement of earnings, enabling daily earnings calculation and distribution even on non-trading days. The platform also opens up a direct connection feature for on-chain wallets, allowing users to purchase or redeem tokenized securities directly using stablecoins.Currently, the total issuance of BENJI tokens reaches $775 million, with $490 million deployed on the Stellar network. According to rwa.xyz data, Franklin's tokenized fund FOBXX ranks second in the industry, following BlackRock's $2.9 billion BUIDL fund. Standard Chartered predicts that the global tokenized asset scale could reach $30 trillion by 2030.The institution revealed that the Benji platform has the capability of a "white-label solution," providing tokenization technology services to other institutions. The U.S. Congress is currently reviewing a cryptocurrency regulation bill, which, if passed, will pave the way for traditional financial institutions to enter the market.

ChainCatcher news, the blockchain-integrated record-keeping system Benji launched by Franklin Templeton Digital Assets is now live on Base. Franklin Templeton stated that it has become the first asset management company to establish a tokenized fund on Base.

ChainCatcher news, Franklin Templeton announced today that users of the Benji Investments platform can exchange USDC for USD to fund their investment in shares of the Franklin OnChain U.S. Government Money Fund, with one fund share representing one "BENJI token."

ChainCatcher news, according to The Block, asset management company Franklin Templeton has enabled peer-to-peer transfers of its tokenized shares of on-chain U.S. government money market funds.It is reported that each share of Franklin Templeton on the Polygon and Stellar blockchains is represented by the BENJI token.

ChainCatcher news, Animoca Brands' mobile game Benji Bananas announced that a few months ago its market maker wallet was attacked, resulting in approximately 30 million (20%) PRIMATE circulating tokens being stolen. In response, the team will launch a new token BENJI to replace PRIMATE, with PRIMATE being exchanged for BENJI at a 1:1 ratio.The Benji Bananas team will begin taking snapshots of PRIMATE holders' wallets starting today to determine eligibility for exchanging for BENJI. If users hold PRIMATE, please do not move funds to avoid discrepancies with the snapshot amount. If users have staked or hold PRIMATE on SushiSwap or ApeSwap, they need to unstake and withdraw accumulated rewards to the same wallet. (source link)