Franklin Templeton’s onchain platform Benji has undergone a dramatic shift in network distribution, with BNB Chain now hosting 61.71% of the platform’s $2.44 billion in distributed assets – approximately $1.5 billion. The milestone, reported on July 19, 2026, marks a rapid 1,226% increase in BNB Chain’s holdings over the past month, overtaking Stellar, which previously held the largest share.
According to RWA.xyz data, Stellar now accounts for roughly $573.4 million (23.5%), while Ethereum holds $159.1 million. Smaller amounts are spread across Base, Arbitrum, Avalanche, Polygon, and Aptos. The shift follows Franklin Templeton’s 2025 decision to integrate the Benji Technology Platform with BNB Chain, enabling transactions and ownership records for tokenized financial products on that network.
Stellar remains central to the fund’s history: Franklin Templeton launched its blockchain-based money market fund on Stellar in 2021, an early example of a U.S.-registered mutual fund using public blockchain. Crypto analyst ALLINCRYPTO commented that Stellar “proved the model” before BENJI became a multi-chain giant. Meanwhile, Franklin Templeton has further expanded access through partnerships with Kraken, MoonPay, and Binance, highlighting growing institutional adoption of tokenized investment products.
