Franklin Templeton parks 59.8% of its onchain assets on BNB Chain

Franklin Templeton has picked a favorite blockchain, and it isn’t the one where its tokenized fund began. The firm holds approximately $1.5 billion in tokenized fund shares on BNB Chain as of mid-October 2026. That figure represents about 59.8% of Franklin Templeton’s total onchain assets. For a firm spread across ten different networks, that is a lot of eggs in one basket. The numbers behind the shift Franklin Templeton’s total onchain footprint sits at around $2.55 billion. Those assets are distributed across ten blockchains, but BNB Chain now carries the majority of the load. The engine behind all of this is Benji, Franklin Templeton’s proprietary tokenization platform. Benji handles the issuance of tokenized fund shares and records ownership onchain. Instead of a back-office database tracking who owns what, a public ledger does the job. Total assets on the Benji platform reached somewhere between $2.5 billion and $2.6 billion by October 2026. The BENJI token itself accounts for approximately $760 million of that. The growth curve on BNB Chain was steep. Franklin Templeton’s holdings there surged by over 1,200% in a single month in early 2026. How a money fund ended up on Binanc...