Franklin Templeton is expanding its tokenization platform to BNB Chain, utilizing the low-cost infrastructure to broaden product availability. The Benji Technology Platform administers shares in their OnChain U.S. Government Money Fund, now worth $732 million. The fund has 938 holders across various blockchains, including Ethereum and Solana.

Franklin Templeton and Binance collaborate to create digital asset products for a wide range of investors. BNB Chain, originally launched as Binance Smart Chain in 2020, hosts $12.5 billion in stablecoins and 2.27 million active addresses. BNB’s price has surged 58% in the past year, reaching an all-time high of $1,079.

Stablecoin Titan Tether seeks a $500 billion valuation with a $20 billion raise. BNB Chain is gaining attention as Aster, a decentralized exchange, competes with Hyperliquid in trading volume. Binance co-founder Changpeng Zhao commends Aster’s performance as a promising start in the decentralized exchange space.

Read more at Yahoo Finance: Franklin Templeton Taps BNB Chain for BENJI Expansion After Binance Team-Up