Franklin Templeton now lets its institutional clients easily move between stablecoins and its BENJI tokenized money market fund through MoonPay Trade. This provides a new way for them to access tokenized fund products.
Summary
- Franklin Templeton has added its BENJI tokenized money market fund to MoonPay Trade for institutional users.
- The partnership will allow institutions to swap stablecoins such as USDC and USDT for BENJI via MoonPay’s on-chain trading system.
- MoonPay said the deal expands its institutional business beyond crypto, fiat, and stablecoin services.
Franklin Templeton and MoonPay have partnered to let institutions easily trade stablecoins like USDC and USDT for Franklin Templeton’s digital money market fund using MoonPay’s platform. The companies anticipate this collaboration will lead to a stronger, long-term relationship between them.
Franklin Templeton brings BENJI to MoonPay trade
This new feature lets BENJI token holders easily access and use stablecoins. It also offers a way for financial institutions to start investing in digital money market products directly on the blockchain. Franklin Templeton explains this system can be used for managing funds, adjusting investment portfolios, using assets as collateral, and providing liquidity.
According to Sandy Kaul, who leads innovation and digital assets at Franklin Templeton, tokenized money market funds really shine when they operate as quickly and flexibly as other digital asset networks. She also explained that partnering with MoonPay provides a secure and reliable connection between stablecoin funds and access to these tokenized funds.
MoonPay’s recent agreement allows them to broaden their services for institutional clients beyond just cryptocurrencies, traditional currencies, and stablecoins. This move follows the appointment of Caroline Pham, the former acting chair of the Commodity Futures Trading Commission, as CEO of MoonPay Institutional.
MoonPay builds out institutional onchain trading
As a researcher, I’ve been following the development of tokenized money market funds, and I believe they have the potential to significantly improve how easily institutions can move capital and use it efficiently, especially as they start to engage with on-chain financial systems. A great example of this infrastructure coming together is the recent partnership between MoonPay and Franklin Templeton, which focuses on providing liquidity and collateral solutions – it really highlights how institutions are now able to adopt digital assets.
As a crypto investor, I was really interested to hear about MoonPay Trade, which launched in May. It’s basically a platform built for bigger players – institutions and companies – that lets them trade crypto directly on the blockchain. What’s cool is it gives them one simple connection – an API – to access over 200 different blockchains. They can move funds, execute trades, and even deal with tokenized assets, all while staying compliant with regulations. It simplifies a lot of the complex stuff involved in institutional crypto trading.
MoonPay Trade is built using technology from companies MoonPay has recently acquired. This includes Decent, which helps find the best ways to move crypto between different networks, DFlow, which powers the trading itself, and Sodot, which securely manages the private keys needed for crypto transactions.
BENJI expansion continues across crypto platforms
Franklin Templeton, a firm managing around $1.74 trillion in investments, is now a leader in exploring tokenization – turning assets into digital tokens. In 2021, they launched FOBXX (also known as BENJI), the first U.S. mutual fund to utilize public blockchain technology.
As an analyst, I’ve been following Franklin Templeton’s expansion of BENJI, and it’s clear they’re actively building partnerships within the crypto space. Beyond the initial launch, they’ve collaborated with Payward, Kraken’s parent company, to bring more traditional investments onto the blockchain as tokens. They’ve also teamed up with Binance, allowing BENJI to be used as collateral outside of traditional exchanges, which increases its flexibility and potential use cases.
Franklin Templeton expanded its cryptocurrency offerings in April by acquiring 250 Digital, a company originally part of CoinFund. They’re also partnering with Ondo Finance to create digital versions of several exchange-traded funds (ETFs).
MoonPay links onchain access with ChatGPT app
As crypto.news reported earlier, MoonPay released an app within the ChatGPT App Store on May 22nd. This app lets users easily create links to buy cryptocurrency directly within the ChatGPT chatbot. MoonPay stated they were the first crypto purchase platform to be integrated into ChatGPT.
According to the report, the ChatGPT app, through MoonPay, now supports a wide range of digital currencies – including Bitcoin, XRP, Ethereum, and Solana – across more than 30 different blockchains. When the chatbot creates a purchase link, users verify their identity and complete the payment on MoonPay’s website using a credit or debit card, Apple Pay, Google Pay, or a bank transfer.
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2026-06-02 20:17