Franklin Templeton Turns to MoonPay to Expand Tokenized Funds

The integration connects Franklin Templeton's Benji platform with MoonPay's institutional trading infrastructure, allowing eligible institutions to move between supported stablecoins and BENJI token exposure onchain.  

New pathways for BENJI 

The Benji platform, Franklin Templeton's proprietary recordkeeping and transfer agency system, already supports tokenized investment products such as BENJI tokens, the firm's tokenized money market shares.  

For institutions already holding BENJI tokens, the partnership with MoonPay creates a new pathway back into stablecoin liquidity. It's designed to support treasury management, portfolio rebalancing and "collateral-adjacent use cases."

"Tokenized money market funds only become more useful when they can move with the speed and programmability of the broader digital asset ecosystem," said Sandy Kaul, head of innovation and digital assets at Franklin Templeton.  

MoonPay's institutional push 

For MoonPay, the deal extends its institutional ambitions from the launch of MoonPay Trade last month. The product allows institutions to access over 200 blockchains and protocols.

Adding BENJI tokens to MoonPay infrastructure serves as one of the first moves the company has made into tokenized assets. 

"Digital assets like tokenized money market funds provide benefits like improved liquidity and capital efficiency," said Caroline D. Pham, CEO of MoonPay Institutional. She noted that having access to the onchain ecosystem was key to realizing these advantages. Both companies described the partnership as a foundation for a broader relationship.