Franklin OnChain US Government Money FundBENJI
Franklin Templeton · Tokenized US Treasury
~ Yield is an indicative net estimate near the short T-bill range; the issuer's published figure is authoritative.
What it is
Franklin OnChain US Government Money Fund (BENJI) is a tokenized US-Treasury product from Franklin Templeton. The most retail-accessible large token: an SEC-registered 1940-Act government money-market fund (FOBXX) wrapped on-chain. Yield shown is indicative of the fund's 7-day yield.
Who can buy it
Retail-accessible.US retail (registered '40 Act money fund). There is no practical minimum. This is reachable by ordinary retail investors.
Underlying & redemption
Franklin OnChain US Government Money Fund (FOBXX): US government securities, cash and repo.
Open to US retail via the Benji app/wallet; 1 BENJI targets a stable $1.00 NAV with daily yield accrual.
Chains
StellarPolygonEthereumArbitrumAvalancheBaseAptosSolana
How it compares to a T-bill ETF
For most retail investors the realistic alternative is a T-bill ETF you can buy in any brokerage account, with no whitelist and intraday liquidity:
| Product | Yield | AUM | Min | Retail? |
|---|---|---|---|---|
| BENJIthis | 3.90%~ | $2.05B | No practical minimum | Retail-accessible |
| SGOVBlackRock (iShares) | 4.15% | $44.00B | $100 | Retail-accessible |
| BILState Street (SPDR) | 4.05% | $35.00B | $91 | Retail-accessible |
Source: RWA.xyz · Franklin Templeton ↗ · as of May 4, 2026 · live.
General information only and not personalized financial or investment advice. Tokenized products carry smart-contract, issuer and liquidity risks that a listed ETF does not. Yields and AUM change constantly — verify with the issuer’s official disclosures before acting.