Moonpay links institutions to Franklin Templeton’s BENJI tokens

Moonpay connected its institutional onchain execution network to Franklin Templeton’s BENJI tokens, creating a direct onchain path for eligible institutions to convert supported stablecoins into tokenized money market fund shares and to convert BENJI tokens back into stablecoin liquidity.

The integration links Franklin Templeton’s BENJI Technology Platform to Moonpay Trade’s quote, routing and execution infrastructure. Eligible institutional users can execute swaps onchain without leaving the blockchain, supporting treasury management, portfolio rebalancing and collateral-adjacent workflows.

Under the agreement, Moonpay Trade will handle onchain order routing and execution while Franklin Templeton supplies blockchain-enabled recordkeeping and tokenized fund products. Moonpay also provides custody and stablecoin settlement capabilities and holds a New York BitLicense, a New York Limited Purpose Trust Charter, U.S. money transmitter licenses and MiCA authorization in the European Union.

Franklin Templeton has previously used BENJI for several tokenized product launches, including the first U.S. mutual fund to transact via blockchain, the first fully tokenized UCITS fund launched in Luxembourg in 2024, and the first retail tokenized fund offered in Singapore in 2025. In April 2026 the firm used BENJI tokens in its planned acquisition of 250 Digital.

Sandy Kaul, Head of Innovation and Digital Assets at Franklin Templeton, described the partnership’s aim: ‘Tokenized money market funds only become more useful when they can move with the speed and programmability of the broader digital asset ecosystem. Teaming up with Moonpay creates another trusted gateway for institutions to move between stablecoin liquidity and tokenized fund exposure.’ Caroline D. Pham, CEO of Moonpay Institutional, highlighted access: ‘Digital assets like tokenized money market funds provide benefits like improved liquidity and capital efficiency, but only if institutions have access to the onchain financial ecosystem.’

Both firms said the integration is intended as the start of a broader commercial relationship. Franklin Templeton managed $1.74 trillion in assets as of April 30, 2026 and operates in more than 35 countries. Moonpay serves more than 30 million customers across 180 countries and supports over 500 enterprise clients. The arrangement expands Moonpay’s institutional offering into tokenized real-world asset infrastructure and extends Franklin Templeton’s onchain distribution options for institutional counterparties.