What is Franklin Templeton BENJI (BENJI)?
The BENJI token is a digital asset security that represents a share of a tokenized, US-registered government money market fund, known as the Franklin OnChain U.S. Government Money Fund (i.e., the “Fund”). The BENJI token offers daily yield accrual and distribution and is currently available on multiple public blockchains: Stellar, Polygon, Aptos, Avalanche, Aptos, Arbitrum, Base and Solana. The BENJI token may be transferred peer-to-peer among shareholders, who may fund and redeem their tokens via fiat (USD) or through our facility for USDC.
How does Franklin Templeton BENJI work?
While shareholder transaction records are kept by default on public blockchains, shareholder personal identifiable information records are kept on internal systems. Private keys are maintained by Franklin Templeton in Franklin Templeton hosted wallets. Key Characteristics: - Investment Focus: Invests at least 99.5% of its assets in short-term US government securities, cash, and repurchase agreements collateralized fully by government securities or cash. - Stable NAV: Aims to maintain a stable $1.00 Net Asset Value (NAV). One share of the fund is equivalent to one BENJI token.