VeChain Partners with Franklin Templeton to Enable Tokenized Enterprise Payments via BENJI Platform

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.

What It Unlocks for Enterprises

With BENJI on VeChain, enterprises can tap into:

• Tokenized USD exposure with real yield
• Low-cost, deterministic fees via VeChain’s dual-token system
• Advanced settlement tools, including programmable escrow and multi-party smart contracts
• Interoperability with other chains via VeChain’s bridge-ready architecture

This evolution makes complex B2B transactions—like supplier payments, trade finance, or payroll—more efficient, faster, and auditable.

BitGo and Keyrock Add Firepower

The partnership isn’t just VeChain and Franklin Templeton. Two other key players join the fold:

• BitGo, a leading crypto custodian, will safeguard tokenized assets and ensure institutional-grade security.
• Keyrock, a market-making firm, will unlock derivatives trading for BENJI on VeChain, adding deeper liquidity options for enterprises and DeFi participants.

Together, they’re setting the stage for a compliant, robust enterprise-grade RWA stack.

Market Response and Competitive Edge

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.

Why It Matters

This isn’t just another DeFi–TradFi handshake. It signals:

• Mainstream validation of Layer-1 chains for regulated finance
• A stablecoin alternative backed by government securities, not algorithms
• A blueprint for programmable payments across corporate finance

For VeChain, known for its enterprise adoption and sustainability focus, this could be the biggest leap in its RWA journey yet.

Did You Know?

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.