Franklin Templeton expands BENJI fund to XRP chain, Stellar RWA cap hits $4 billion

Franklin Templeton, a global financial institution managing $1.79 trillion, has advanced its use of distributed ledger technology (DLT) by expanding the footprint of its tokenized money market fund, BENJI. The fund, initially launched on Stellar ’s XLM Network in 2021, has continued to grow and now maintains a strong presence on both Stellar and XRP’s chain. Sandy Kaul, Franklin Templeton’s Head of Innovation, recently discussed the technological edge provided by DLT for their tokenized money market fund. By leveraging blockchain infrastructure, the fund can now calculate and distribute interest precisely based on actual holding times. Kaul explained this precision by saying, This technology allows investors to benefit from a level of accuracy unavailable in conventional fund operations.

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