Franklin Templeton has seen its tokenized money market funds grow by $532.4 million over the last 30 days. This performance outpaced competitors such as Spiko and Re. In the week ending November 2, 2026, the firm added $151.8 million to its market capitalization, nearly doubling the $78.3 million growth reported by MidasRWA during the same period.
The majority of this activity is driven by the BENJI token, which represents shares in the Franklin OnChain U.S. Government Money Fund, traded as FOBXX. By late 2026, the firm’s total digital assets under management reached $3.6 billion, with approximately $2.5 billion held in tokenized money market funds. The fund primarily operates on the Stellar blockchain.
Franklin Templeton is expanding its presence across other networks, including the XRP Ledger, which has attracted over $150 million in new inflows. Additionally, the company has formed partnerships with firms like Uber to explore 24/7 trading and settlement solutions. The total market for tokenized U.S. government money market and Treasury products was estimated at $38 billion earlier in 2026.
In August 2026, the SEC issued a no-action letter to Franklin Templeton. This allows the company to utilize BENJI tokens as cash positions or collateral within its traditional mutual funds and ETFs. While not a blanket approval, the move enables conventional funds to treat these tokens as cash, marking a significant shift in the regulatory approach toward on-chain assets.
