Franklin Templeton is expanding access to its BENJI tokenized money market fund through a new partnership with MoonPay, allowing eligible institutions to move seamlessly between stablecoins and yield generating tokenized fund products onchain.
Key Takeaways
- Franklin Templeton has integrated its Benji Technology Platform with MoonPay Trade.
- Eligible institutional investors can swap supported stablecoins for exposure to the BENJI tokenized money market fund through blockchain based workflows.
- The partnership enables 24/7 access to yield generating tokenized assets without leaving blockchain networks.
- Both firms see the move as a step toward broader institutional adoption of tokenized financial products and onchain liquidity solutions.
What Happened?
Franklin Templeton announced a new partnership with MoonPay that connects the firm’s Benji Technology Platform to MoonPay Trade, creating a new pathway for eligible institutions to move between stablecoins and Franklin Templeton’s tokenized money market products.
The integration is designed to help institutional investors maintain access to onchain liquidity while earning yield through regulated investment products, a use case that is attracting growing interest as traditional finance and digital assets continue to converge.
Franklin Templeton and MoonPay have formed a new strategic partnership that includes:
— MoonPay 🟣 (@moonpay) June 2, 2026
🪙 tokenized financial products
🏦 institutional trading infrastructure
⛓️ onchain capital markets
💦 stablecoin liquidity
this is the beginning of a beautiful friendship @FTDA_US pic.twitter.com/3KqqCDJkKi
Franklin Templeton Deepens Its Tokenization Strategy
The latest partnership marks another step in Franklin Templeton’s ongoing effort to bring traditional financial products onto blockchain infrastructure. The firm’s flagship tokenized offering, the Franklin OnChain U.S. Government Money Fund (FOBXX/BENJI), became the first U.S. registered mutual fund to use a public blockchain as its official recordkeeping system when it launched in 2021.
Through the new integration, institutional investors can exchange supported stablecoins such as USDC and USDT for exposure to BENJI and other tokenized products directly through MoonPay’s infrastructure. Investors can also move back into stablecoins using the same onchain workflow.
According to Franklin Templeton, the broader BENJI platform had reached nearly $2 billion in assets as of late April, highlighting growing demand for tokenized versions of traditional investment products.
Why Institutions Are Interested?
Franklin Templeton’s Head of Innovation & Digital Assets, Sandy Kaul, said the company views 2026 as “the year of the universal liquidity layer,” where stablecoins, tokenized funds, and digital money become increasingly interoperable across trading, lending, and collateral markets.
One of the primary benefits for institutions is the ability to earn yield while maintaining flexibility.
“We trade 24/7 in the crypto markets,” Kaul said.
Unlike traditional money market funds, which generally require investors to hold positions through the end of a trading day to receive interest, tokenized funds can distribute yield based on the exact amount of time an investor holds the asset.
Kaul also noted strong market demand for the capability.
“We had tremendous demand for this,” she said, referring to the ability to move between stablecoins and tokenized money market funds at any time while maintaining exposure to yield generating assets.
In a separate statement, Kaul added:
MoonPay Pushes Beyond Payments and Trading
For MoonPay, the partnership represents a significant expansion into the rapidly growing tokenized real world asset sector.
The company’s recently launched MoonPay Trade platform provides institutions with a single API for accessing more than 200 blockchains and protocols, while supporting trade execution, settlement, collateral movement, cross-chain routing, and tokenized asset transactions.
The platform has been strengthened through several acquisitions, including Decent, DFlow, and Sodot, which provide infrastructure for liquidity, execution, and digital asset management.
MoonPay Institutional CEO Caroline Pham, who recently joined the company after serving as acting chair of the Commodity Futures Trading Commission, said institutional adoption depends on access to the broader onchain financial ecosystem.
Pham said:
The companies also indicated that the integration could support additional use cases such as treasury management, liquidity provision, collateral management, and portfolio rebalancing.
Franklin Templeton Continues Crypto Expansion
The MoonPay partnership comes during a period of broader digital asset expansion for Franklin Templeton. In April, the asset management giant announced plans to launch Franklin Crypto, a dedicated cryptocurrency division built around its acquisition of crypto investment firm 250 Digital.
The company has also expanded BENJI’s reach through partnerships with Kraken parent company Payward, collaboration with Binance for off exchange collateral use cases, and ongoing work with Ondo Finance on tokenized investment products.
As institutional interest in tokenized assets continues to grow, the partnership between Franklin Templeton and MoonPay could serve as an important test of whether tokenized money market funds can evolve from investment products into core components of modern cash management infrastructure.
CoinLaw’s Takeaway
In my experience, the most successful blockchain products are the ones that solve practical problems rather than simply introducing new technology. I found this partnership noteworthy because it focuses on a real institutional need: putting idle stablecoin liquidity to work without sacrificing flexibility
If tokenized money market funds can offer yield, liquidity, and around the clock accessibility in a regulated framework, they could become one of the strongest bridges between traditional finance and digital assets. This deal shows that major financial firms are moving beyond experimentation and building infrastructure aimed at everyday institutional use.
