X @BSCN

Regulatory Compliance and Approval - Franklin Templeton received SEC approval via a no-action letter allowing registered funds to invest in its onchain government money fund [1] - The regulatory decision successfully eliminates specific custody hurdles governed by the Investment Company Act [1] Fund Structure and Operations - The fund is designated as BENJI and utilizes an onchain recordkeeping system powered by Stellar [1] - Franklin Templeton's transfer agent maintains control over the Stellar wallets and private keys [1] - The investment portfolio focuses primarily on U.S. government securities while maintaining a stable share price target of 1 U.S. dollar [2]