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
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
Users onboard through a Benji-integrated platform (or through intermediaries like Franklin Templeton’s app, or potentially Solium).
After passing KYC/AML, users can purchase shares using USD, USDC, or fiat.
Shares are recorded on-chain, with daily accrual of interest embedded into NAV.
Shares can be redeemed at any time (T+1 settlement).
BENJI’s token ledger is fully auditable on Stellar and Polygon.
What Makes BENJI Special?
âś… First SEC-registered fund to go on-chain âś… Built-in retail accessibility (not just institutions) âś… Open source APIs allow fintechs and DAOs to plug into on-chain fund infrastructure âś… Gasless blockchain interactions via Stellar âś… 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
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