Franklin Templeton and MoonPay have entered a strategic partnership to broaden institutional access to tokenized money market funds and onchain financial products. The integration links Franklin Templeton's Benji Technology Platform with MoonPay Trade's institutional infrastructure, allowing eligible institutions to move between supported stablecoins and tokenized money market fund exposure through a fully onchain process.
Core Integration: Benji Meets MoonPay Trade
The partnership centers on connecting the Benji platform with MoonPay Trade's trading network. Through this arrangement, institutional users can access tokenized money market fund products while leveraging MoonPay's quote, routing, and execution capabilities. The firms stated that the integration supports onchain treasury management, liquidity operations, portfolio adjustments, and collateral-related activities.
Adding BENJI to MoonPay Trade marks one of MoonPay's first expansions beyond traditional crypto, fiat, and stablecoin services, bringing tokenized money market funds into its institutional offering.
A New OnRamp for Institutional Liquidity Management
The partnership aims to improve how institutions access liquidity within blockchain-based financial markets. Franklin Templeton believes tokenized money market funds become more functional when they interact seamlessly with broader digital asset infrastructure. Institutions gain a pathway to move between stablecoin liquidity and tokenized fund holdings, enabling more efficient capital deployment.
Sandy Kaul, Head of Innovation and Digital Assets at Franklin Templeton, said the collaboration creates another route for institutions to move between stablecoin liquidity and tokenized fund holdings. Caroline D. Pham, CEO of MoonPay Institutional, emphasized that access to onchain financial infrastructure remains important for institutional adoption of tokenized assets.
Franklin Templeton's Blockchain Journey
The deal extends Franklin Templeton's blockchain initiatives, which began in 2018. The asset manager has developed digital asset investment products backed by tokenomics research and blockchain technology. The Benji platform already serves retail and institutional clients with tokenized products, including the first U.S.-registered mutual fund using blockchain transaction processing. In 2024, it launched a fully tokenized UCITS fund in Luxembourg; in 2025, a retail tokenized fund in Singapore. In April 2026, Franklin Templeton announced plans to use BENJI tokens as payment consideration in its proposed acquisition of 250 Digital.
The companies said the partnership will serve as the foundation for a broader relationship focused on expanding access to onchain financial markets.