VeChain teams up with $1.5T asset manager Franklin Templeton to launch tokenized enterprise payments via the BENJI platform. Here’s why it’s a major RWA milestone.
Author: Tanishq Bodh
July 25, 2025 – In a major leap for real-world asset (RWA) adoption, VeChain has partnered with global asset manager Franklin Templeton to enable tokenized enterprise payments via the BENJI platform and the OnChain U.S. Government Money Fund (FOBXX). This marks a powerful convergence of blockchain tech and traditional finance.
Franklin Templeton, which oversees $1.5 trillion in assets, brings its BENJI platform to VeChain’s Layer-1 blockchain, extending its presence beyond Ethereum, Arbitrum, Stellar, Base, Avalanche, Polygon, and Aptos.
BENJI tokenizes shares of FOBXX, a stable-value fund investing in U.S. Treasuries and repurchase agreements. Each token is designed to remain at $1, offering businesses a regulated, stable alternative to traditional stablecoins for treasury management and payments.
With BENJI on VeChain, enterprises can tap into:
This evolution makes complex B2B transactions—like supplier payments, trade finance, or payroll—more efficient, faster, and auditable.
The partnership isn’t just VeChain and Franklin Templeton. Two other key players join the fold:
Together, they’re setting the stage for a compliant, robust enterprise-grade RWA stack.
The news was announced on July 24, and VeChain’s native token $VET quickly saw bullish action. Analysts expect up to a 33% upside, citing investor confidence in VeChain’s ability to attract real-world utility and institutional traction.
BENJI and FOBXX also stand out competitively. With over 690 holders, the FOBXX fund trails only behind giants like BlackRock’s BUIDL ($2.4B) and ahead of Ondo’s Treasury fund ($709M)—but BENJI’s multi-chain presence and now VeChain-native support may push it further.
This isn’t just another DeFi–TradFi handshake. It signals:
For VeChain, known for its enterprise adoption and sustainability focus, this could be the biggest leap in its RWA journey yet.
Franklin Templeton’s FOBXX fund was one of the first government money funds tokenized on public blockchains, with its original Ethereum deployment dating back to April 2023—paving the way for this multi-chain expansion.
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