October 16th 2026, 12:05 PM
Franklin Templeton Moves Large Chunk of Assets to BNB Chain
Key Summary
Franklin Templeton has allocated 59.8% of its onchain assets to BNB Chain, a significant shift in the firm's blockchain strategy. The company's total onchain footprint is approximately $2.55 billion, with the majority of its assets now stored on BNB Chain. This move is seen as a major development for the BNB Chain ecosystem, and its implications for the broader cryptocurrency market will be closely watched.
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Background
Franklin Templeton has picked a favorite blockchain, and it isn't the one where its tokenized fund began. The firm holds approximately $1.5 billion in tokenized fund shares on BNB Chain as of mid-October 2026. This figure represents about 59.8% of Franklin Templeton's total onchain assets.The Numbers Behind the Shift
Franklin Templeton's total onchain footprint sits at around $2.55 billion. Those assets are distributed across ten different networks, but BNB Chain now carries the majority of the load.The Engine Behind the Shift
The engine behind all of this is Benji, Franklin Templeton's proprietary tokenization platform. Benji handles the issuance of tokenized fund shares and records ownership onchain. Instead of a back-office database tracking who owns what, a public ledger does the job.The BNB Chain Chapter
The BNB Chain chapter opened in September 2025, when Benji expanded to the network through a partnership with Binance. Roughly a year later, the newcomer has overtaken the original home.The SEC Letter
In August 2026, the SEC issued a no-action letter that allows Franklin Templeton to use BENJI for cash management and collateral purposes.What This Means for Tokenization and the Chains Competing for It
Franklin Templeton manages assets valued at as much as $1.83 trillion, so its choices carry weight well beyond its own balance sheet. BNB Chain now hosts nearly 60% of the firm's onchain assets. The SEC letter could be the bigger long-term story. Using BENJI for cash management and collateral turns a tokenized fund share from a curiosity into a working financial tool. If a token representing a government money fund can be posted as collateral, it starts competing with cash and stablecoins for that role, while potentially earning yield along the way.The Key Metrics to Track
Watch whether BNB Chain's share of Franklin Templeton's onchain assets keeps climbing past 59.8%, and whether the Benji platform pushes beyond its current $2.5 billion to $2.6 billion range.#BNBChain#FranklinTempleton#Crypto#Blockchain