Franklin Templeton FOBXX (Franklin OnChain U.S. Government Money Fund) - BENJI

⛏ Coming soon

Why BENJI Matters in RWA

BENJI is proof that on-chain finance can meet full SEC compliance, while remaining programmable, fractional, and fast.

It represents a retail-accessible, legally sound, and technologically modern pathway to yield — making it one of the most important RWA milestones to date.

Use Cases for Solium

Solium can:
  • Offer fractional BENJI tokens starting from $10 or $100
  • Build cash vaults denominated in BENJI for stable on-chain income
  • Provide daily USDC auto-redemption wrappers around BENJI shares
  • Build retail-optimized interfaces while maintaining institutional compliance (via Franklin APIs) 

What Is BENJI?

BENJI is the tokenized representation of the Franklin OnChain U.S. Government Money Fund (FOBXX) — the first SEC-registered mutual fund to maintain its shareholder registry on a public blockchain.

  • Fund Ticker: FOBXX (legacy/traditional)
  • Token Name: BENJI (tokenized access)
  • Blockchain: Stellar + Polygon
  • Issuer: Franklin Templeton
  • Regulatory Status: SEC-registered '40 Act mutual fund

BENJI is fully backed by U.S. government securities — like Treasury bills, repurchase agreements, and cash — and offers daily liquidity with stable NAV ($1/share).

Key Features of BENJI

Feature Description
Regulated First-of-its-kind SEC-registered on-chain mutual fund
Stable NAV Always maintained at $1 per share
Yield Type Accrues interest daily; reinvested into shares (compounding)
Share Registry On Stellar and Polygon public blockchains
Compliance Full KYC/AML and SEC regulations apply
Minimum Investment As low as $1 via approved platforms
Token Access Whitelisted wallets via Benji Investments platform or APIs


How BENJI Works

  1. Users onboard through a Benji-integrated platform (or through intermediaries like Franklin Templeton’s app, or potentially Solium).

  2. After passing KYC/AML, users can purchase shares using USD, USDC, or fiat.

  3. Shares are recorded on-chain, with daily accrual of interest embedded into NAV.

  4. Shares can be redeemed at any time (T+1 settlement).

  5. BENJI’s token ledger is fully auditable on Stellar and Polygon.

What Makes BENJI Special?

✓  First SEC-registered fund to go on-chain

✓  Built-in retail accessibility (not just institutions)

✓  Open source APIs allow fintechs and DAOs to plug into on-chain fund infrastructure

✓  Gasless blockchain interactions via Stellar

✓  Transparent reporting and live NAV publishing

Yield & Liquidity Snapshot (as of 2024–2025)*

  • 7-Day Yield: ~5.0%–5.2% APY
  • NAV: Constant $1/share
  • Liquidity: T+1 redemption
  • Distribution: Auto-reinvested daily into shares
  • Data may vary slightly by platform or fee tier.

Who Uses BENJI?

  • Crypto-native investors replacing idle USDC/USDT
  • Web3 treasuries looking for stable, compliant yield
  • TradFi fintech apps integrating tokenized funds
  • Retail investors seeking safe, regulated yield alternatives
  • BENJI BENJI

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    BENJI

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