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BENJI Adds $525.1 Million in 30-Day Market Cap Growth Among Tokenized Funds

Each BENJI token represents one share of Franklin Templeton’s U.S. government money fund, whose official ownership record is kept in a blockchain-linked system.

By Enna Lee
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An unmarked brass share token stands beside a closed ledger / TokenPost.ai
An unmarked brass share token stands beside a closed ledger / TokenPost.ai

Franklin Templeton’s BENJI token gained $525.1 million in market capitalization over 30 days, the largest increase among tokenized funds, putting it ahead of peers in the category.

BENJI is the share token for Franklin Templeton’s Franklin OnChain U.S. Government Money Fund (FOBXX). The fund’s transfer agent records official ownership in a blockchain-linked system, while public blockchains process transactions.

A snapshot of BENJI’s Arbitrum balance measured something different from market-cap growth. An earlier 30-day market-cap comparison recorded a $12 million increase for BENJI; that was a separate snapshot.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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