Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Franklin Templeton tokenizes $380 million in funds from Polygon and Stellar for peer-to-peer transfers.
TRADING NEWS

Franklin Templeton tokenizes $380 million in funds from Polygon and Stellar for peer-to-peer transfers.

By Crypto FlexsApril 26, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Franklin Templeton tokenizes 0 million in funds from Polygon and Stellar for peer-to-peer transfers.
Share
Facebook Twitter LinkedIn Pinterest Email
  • Franklin OnChain FOBXX investors can now transfer the fund’s BENJI tokens directly to each other without the need for an intermediary.
  • Franklin Templeton is competing with BlackRock’s Ethereum-based BUIDL fund in the tokenized asset niche.
  • Franklin Templeton maintains a 32% market share.

In a move that represents a significant advancement in the realm of digital asset management, Franklin Templeton announced the tokenization of US government funds on the Polygon and Stellar blockchains.

By embracing blockchain technology, Franklin Templeton aims to enable peer-to-peer transfers for shares of the Franklin OnChain US Government Fund (FOBXX) using the BENJI token.

One BENJI security token is part of the Franklin OnChain US Government Treasury Fund recorded on a public blockchain and is currently available on Polygon and Stellar.

Franklin Templeton competes with BlackRock

Franklin Templeton’s initiative comes amid a competitive environment, with BlackRock’s new BUIDL fund emerging as a strong contender in the tokenization space.

BlackRock’s BUIDL fund, in partnership with Securitize on Ethereum, quickly gained market share, although it lagged slightly behind Franklin Templeton’s offering in terms of assets under management (AUM).

The rivalry between these two investment giants is poised to intensify as they vie for dominance in the tokenized U.S. Treasury niche. Currently, Franklin Templeton maintains a stronghold in the tokenized U.S. Treasury market, boasting a significant market share of 32%.

Expanding the utility of the digital asset ecosystem

Franklin Templeton’s tokenization of U.S. government funds marks a strategic move to strengthen connectivity within the digital asset ecosystem.

By enabling peer-to-peer transfers of BENJI tokens, the company aims to expand the utility of funds, giving investors greater flexibility in managing their assets. This move highlights Franklin Templeton’s commitment to innovate and adapt to evolving market trends by leveraging blockchain technology.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Buying NFT is like buying a Mickey Mouse T -shirt and an IP.

September 23, 2025

In the CFTC crackdown, OKX’s perps dex lunch stops: What is the following?

September 22, 2025

What is the expectation of the future?

September 21, 2025
Add A Comment

Comments are closed.

Recent Posts

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Moonbirds And Azuki IP Coming To Verse8 As AI-Native Game Platform Integrates With Story

September 23, 2025

Buying NFT is like buying a Mickey Mouse T -shirt and an IP.

September 23, 2025

ETH-Based Little Pepe Raises $26M In Presale

September 23, 2025

Seoul Exchange, One Of Only Two Licensed Platforms For Unlisted Securities, Will Exclusively Use Story To Settle Tokenized RWAs

September 22, 2025

Bitcoin And Dogecoin Are Trending. Use TALL Miner To Earn A Steady $8,750 Per Day And Double Your Wealth.

September 22, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceed 2% of Ethereum Network With ETH Holdings Exceeding 2.4 Million Tokens and Total Crypto and Cash Holdings of $11.4 Billion

September 22, 2025

CryptoLists.com Recognised As “Crypto Affiliate Of The Year” At SBC’s Affiliate Leaders Awards 2025

September 22, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025
Most Popular

Effective Social Media Strategy for Startups: A Practical Guide

August 18, 2024

The Return of Crypto: How Businesses Can Profit from the Digital Gold Rush

May 8, 2024

Binance sparked a rally with its surprise listing announcement of cat-themed Memecoin and NFT projects.

December 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.