Franklin Templeton has launched a partnership with Mercurity Fintech Partners to integrate Benji tokens and the Franklin OnChain U.S. Government Money Fund, known as FOBXX, into Mercurity’s platform.  

The partnership seeks to merge traditional government-backed securities with the flexibility of digital assets. Launched by Franklin Templeton, BENJI is a blockchain token that provides investors with direct access to FOBXX, a regulated U.S. money market fund. BENJI allows investors to potentially earn steady returns while still having easy access to their funds.  

Mercurity Fintech aims to utilize tokenized treasury products to generate returns on its capital reserves while maintaining the flexibility needed for its growing digital asset ecosystem. Its broker-dealer subsidiary, Chaince Securities, will facilitate investment transactions and offer advisory services for these tokenized real-world assets. 

“BENJI addresses a real pain point in the market by offering regulated money market access through blockchain technology,” Shi Qiu, CEO of Mercurity Fintech, said. “It’s the type of compliant, institutional-grade solution our platform is designed to support.”  

Earlier this month, asset manager Franklin Templeton launched the “Intraday Yield” feature on its tokenization platform, Benji. This feature aims to enhance the process of distributing yields through blockchain technology, enabling investors to earn yields on assets held for specific portions of the day.