Franklin Templeton and MoonPay tokenized fund to platform

Franklin Templeton, a global asset management firm overseeing approximately $1.74 trillion, has partnered with crypto infrastructure company MoonPay to integrate its tokenized money market fund, BENJI, into MoonPay’s institutional trading platform. The collaboration, announced Tuesday, enables eligible institutional clients to directly exchange major stablecoins like USDC and USDT for shares in Franklin Templeton’s on-chain fund without leaving blockchain networks.

The integration connects Franklin Templeton’s Benji Technology Platform with MoonPay Trade, an institutional-grade on-chain execution system launched in May. Through a single application programming interface (API), the platform facilitates swaps between stablecoins and the tokenized fund, aiming to streamline liquidity management, collateral operations, and portfolio rebalancing for financial institutions, fintechs, and corporate treasuries. MoonPay Trade supports transaction routing, settlement, and asset management across more than 200 blockchains.

Officials from both companies framed the partnership as a step toward making tokenized financial products more functional within the digital asset ecosystem. Sandy Kaul,...