Franklin Templeton BENJIPrice

(BENJI)

BENJI refers to both Franklin Templeton's tokenized securities trading platform and the digital token itself. The platform enables the trading and management of investment products issued as digital tokens across various blockchains. It gained recognition for pioneering the world's first SEC-registered on-chain mutual fund, demonstrating its innovative approach to digital asset management and compliance within the traditional financial landscape.

Each BENJI token directly represents one share in the Franklin OnChain U.S. Government Money Fund (FOBXX). This underlying fund strategically invests in highly liquid and secure assets, including U.S. Treasury securities, cash, and repurchase agreements that are fully collateralized by government securities or cash. The fund's objective is to maintain a stable share price, offering investors a digital representation of a secure, government-backed asset.

Holding BENJI tokens provides several significant benefits. Investors can perform peer-to-peer transfers directly on the blockchain, eliminating the need for traditional intermediaries. The platform ensures maximum transparency, with all transactions publicly recorded for auditability. Access is convenient via the Benji Investments app and web portal. BENJI also offers portfolio diversification through a stable digital asset and features real-time yield accrual, calculating and distributing yield precisely down to the second, enhancing flexibility for users.

Yes, BENJI is indeed a fully SEC-qualified mutual fund. It holds the distinction of being the world's first SEC-registered on-chain mutual fund, underscoring its commitment to regulatory compliance. Share ownership is meticulously tracked both on the blockchain and through Franklin Templeton's regulated transfer agent, providing a robust framework that ensures both security and adherence to established financial regulations, offering investors a trusted and compliant digital investment option.

Investors can acquire BENJI tokens through dedicated platforms. Retail users can utilize the Benji Investments mobile app, available on Android and iOS, while institutional investors can access tokens via the Benji Institutional web portal. The platform has also expanded options, allowing users to convert USDC stablecoins directly into U.S. dollars to fund their BENJI investments. Conversely, investors can convert their USD proceeds back into USDC, streamlining the on-ramp and off-ramp processes for digital asset holders.

BENJI offers broad interoperability by supporting a wide range of prominent blockchains. Initially launched on Stellar, its network has expanded to include Polygon, Ethereum, Solana, Base, Arbitrum, Avalanche, Aptos, and BNB Chain. This multi-chain approach enhances BENJI's accessibility and utility across diverse decentralized ecosystems, allowing users from various blockchain communities to access and leverage this tokenized asset for greater flexibility and broader integration within the digital finance space.