Franklin Templeton has expanded the reach of its tokenized money market fund BENJI by integrating it with MoonPay Trade, enabling institutional users to move more seamlessly between traditional stablecoins and tokenized assets.
Through the partnership, holders of BENJI will be able to swap the tokenized fund into stablecoins such as USDC and USDT, and use it within broader onchain financial workflows. These include treasury management, liquidity provision, collateral usage, and portfolio rebalancing, all facilitated through MoonPay’s institutional trading infrastructure.
MoonPay Trade, which was launched in late May, is designed as an institutional-grade execution platform that provides a unified API for accessing multiple blockchains, handling cross-chain routing, trade execution, settlement, and tokenized asset transactions under compliance frameworks.
The integration marks an expansion of MoonPay’s activity beyond traditional crypto and fiat rails into tokenized real-world financial products. MoonPay Institutional CEO Caroline Pham described the move as part of broader efforts to improve liquidity and collateral efficiency for digital assets.
Franklin Templeton’s Head of Innovation & Digital Assets, Sandy Kaul, said tokenized money market funds become more valuable when they can operate within programmable digital ecosystems, and that the partnership helps bridge stablecoin liquidity with tokenized fund exposure.
BENJI (formally the Franklin OnChain U.S. Government Money Fund) is one of the earliest examples of a U.S.-registered mutual fund using public blockchain infrastructure, launched in 2021. Franklin Templeton, which manages roughly $1.74 trillion in assets, has been steadily expanding its tokenization strategy through partnerships with crypto firms and exchanges, including Kraken’s parent company Payward and Binance, as well as investments in crypto-focused firms and collaborations to tokenize additional traditional financial products.
The latest move with MoonPay reflects a broader trend of traditional asset managers integrating tokenized funds into onchain financial systems to improve liquidity, capital efficiency, and interoperability with stablecoin markets.
