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Franklin Templeton is partnering with VeChain to expand access to its tokenized treasury fund via BENJI.
The collaboration integrates BitGo for custody and Keyrock for trading, enhancing institutional and enterprise adoption of tokenized assets.
Global asset management giant Franklin Templeton, which manages over $1.6 trillion in assets, is bringing its tokenized treasury fund to VeChain, according to a Thursday announcement from VeChain.
The fund, also known as the Franklin OnChain U.S. Government Money Fund (FOBXX), is currently the second-largest tokenized treasury fund globally, with more than $780 million in total assets, according to data from RWA.xyz.
This marks a major expansion of Franklin’s multi-chain distribution strategy, following earlier deployments of BENJI on other blockchain platforms, like Ethereum and Solana.
Through the partnership, Franklin gains access to VeChain’s low-cost, energy-efficient layer 1, enabling faster settlement, high-frequency transaction capabilities, and integration within a blockchain ecosystem designed for real-world adoption, the team stated.
The deal is part of an increasing institutional push for VeChain. Alongside Franklin Templeton, BitGo has joined as a regulated custodian, while Keyrock adds trading and liquidity infrastructure to the network.
“Franklin Templeton, BitGo, and Keyrock are some of the best names in their respective fields. Bringing them together on VeChain offers institutional investors an unrivaled value proposition that is overlaid with a long-term, sustainable mindset,” said Sunny Lu, the founder and CEO of VeChain.
Juan David Mendieta, CSO of Keyrock, said in a statement that Keyrock is committed to supporting VeChain’s long-term growth through validator participation, liquidity provision, and infrastructure support.
“VeChain has consistently demonstrated the potential of blockchain technology through real-world utility. From supply chain tracking and carbon management to food safety and sustainability.
