Franklin Templeton Taps BNB Chain for BENJI Expansion After Binance Team-Up

Core Insights - Franklin Templeton is expanding its tokenization platform to BNB Chain, leveraging its low-cost and compliance-ready infrastructure to enhance product availability [1] - The OnChain U.S. Government Money Fund, administered through the Benji Technology Platform, has grown to $732 million since its launch in 2021, with 938 holders across multiple blockchains [2] - Franklin Templeton and Binance are collaborating on new digital asset products aimed at a diverse range of investors, with further details expected later this year [3] Industry Context - BNB Chain, launched in 2020, serves as a layer-1 network and has become a significant player in the crypto space, hosting $12.5 billion worth of stablecoins and 2.27 million active addresses [4] - The price of BNB has increased by 58% over the past year, reaching an all-time high of $1,079, indicating strong market performance and renewed interest in the network [5]