Franklin Templeton's Tokenized Treasury Fund Lands on HashKey

Franklin Templeton has introduced its tokenized money market fund, Franklin OnChain U.S. Government Liquidity Fund (grBENJI), on the HashKey Exchange. This blockchain-wrapped pool of U.S. government debt is accessible to the platform's professional clients. Franklin Templeton, managing $1.8 trillion in assets, launched the tokenized fund in 2021 as the first U.S.-registered mutual fund to record share ownership on a public blockchain.

The BENJI token, currently yielding around 3.6% over seven and 30 days, is held by approximately 1,100 investors. HashKey Exchange's Haiyang Ru stated that the listing caters to institutional demand for compliant real-world asset yield. Franklin Templeton plans to expand into other tokenized products across Hong Kong, Singapore, Tokyo, Dubai, and Bermuda using HashKey's platform.

The firm also recently partnered with Binance to integrate BENJI into Kraken, using it as collateral and a cash management tool for institutional clients.