Franklin Templeton just expanded its Benji Technology Platform, the blockchain stack that powers its tokenised mutual funds, onto the Canton Network. [NEWS]
Franklin Templeton manages $1.69T in assets. This will move FT’s $798M AUM to Canton immediately.
The goal? Institutional liquidity, settlement, and collateral management within a multi-bank environment. Let’s unpack.
Franklin Templeton is connecting its proprietary blockchain infrastructure, which currently services assets such as the Franklin OnChain U.S. Government Money Fund (FOBXX), to Canton. Benji powered the world’s first U.S.-registered mutual fund on-chain back in 2021.
IOSCO observed that the scalability of DLT arrangements in finance is currently constrained by two key factors: the lack of cross-blockchain interoperability and credible settlement assets. The collaboration solves both challenges.
Zooming in: Fixed income products and Money Market Funds (MMFs) are taking the lead in commercial adoption. FOBXX’s pool of high-quality collateral, U.S. Government Money Fund shares, is shifting to the Canton network, positioning MMFs as the digital equivalent of T-Bills used in traditional markets.
This is a massive upgrade from Benji’s architecture.
Stepping back: Launched in 2023, Canton Network is growing rapidly:
By the data: By October 2025, Canton Network was supporting over $3.6T in tokenised assets on-chain while processing $280B in repos daily.
