Franklin Templeton discusses BENJI's onchain fund model with PENDLE

BENJI: BENJI is Franklin Templeton's onchain tokenized treasury money fund. It enables a Treasury fund to function as an onchain rate that can be fixed or posted as collateral. The product builds directly on the firm's prior blockchain-based share ownership model. FOBXX: FOBXX is a US-registered fund that has recorded share ownership on a public blockchain since 2021. It was the first such fund, allowing transfer agent operations to run directly onchain with a single record of legal and beneficial ownership. This structure underpins the conversion of traditional Treasury funds into onchain instruments. Pendle: Pendle is the platform behind the RWA Insights podcast and interview series focused on real-world assets. It hosted the discussion with Franklin Templeton executive Chetan Karkhanis covering Benji's origins and tokenized fund scaling in Asia. Chetan Karkhanis: Chetan Karkhanis serves as Senior VP at Franklin Templeton's FIRT group for Asia Pacific. He explains the development and scaling of Benji as well as tokenized fund opportunities in the region. Karkhanis participated in Pendle's RWA Insights interview series on these topics. Franklin Templeton: Franklin Templeton is a global investment management firm operating through its FIRT group in the Asia Pacific region. The firm issues BENJI natively onchain, extending its established onchain fund infrastructure. It is actively advancing tokenized real-world assets through expert discussions on scaling such products. Asia RWA Focus: Franklin Templeton's FIRT group for Asia Pacific is addressing how tokenized funds like Benji can scale in the region. Tokenized Funds: Franklin Templeton issues BENJI natively onchain to enable new uses such as collateral posting for a Treasury money fund. Blockchain Integration: FOBXX pioneered onchain share ownership for a US-registered fund in 2021, creating a single record of legal and beneficial ownership.