Franklin Templeton, an investment management firm, has partnered with MoonPay to connect its tokenized money market fund platform with MoonPay’s institutional trading infrastructure, creating a new route for institutions to access tokenized fund exposure through onchain markets.
The integration, announced on Tuesday, links Franklin Templeton’s Benji Technology Platform with MoonPay Trade, allowing eligible institutional users to move between supported stablecoins and tokenized money market fund positions through a fully onchain process.
The move reflects growing efforts by traditional financial firms to make tokenized investment products more accessible within digital asset markets, particularly as institutions seek ways to manage liquidity and collateral on blockchain networks.
Benji funds gain new stablecoin liquidity route
Under the arrangement, institutions using MoonPay Trade can access Franklin Templeton’s BENJI tokenized money market fund ecosystem through MoonPay’s existing trading infrastructure. The integration enables users to convert supported stablecoins into tokenized money market fund exposure and move back into stablecoin liquidity when needed. The process relies on MoonPay’s quote, routing, and execution systems rather than requiring separate onboarding into multiple platforms.
For institutional investors, the setup is intended to support treasury management, portfolio rebalancing, liquidity allocation, and other onchain capital management activities.
Tokenized funds move deeper into onchain finance
The partnership also marks one of MoonPay Trade’s first expansions beyond traditional crypto assets, fiat currencies, and stablecoins. Tokenized money market funds have emerged as one of the fastest-growing segments of the real-world asset sector, allowing investors to hold blockchain-based representations of regulated fund interests while retaining access to onchain settlement and transfer capabilities.
By integrating BENJI into its trading network, MoonPay is adding a tokenized fund product to infrastructure previously focused primarily on cryptocurrency transactions and stablecoin flows.
Franklin Templeton continues tokenization push
Franklin Templeton has been active in blockchain-based financial products for several years through its Benji Technology Platform, which serves as the firm’s blockchain-enabled recordkeeping and transfer agency infrastructure. The company launched what it described as the first U.S.-registered mutual fund to use blockchain technology for transaction processing and has since expanded its tokenized fund offerings internationally.
In 2024, Franklin Templeton introduced a fully tokenized UCITS fund in Luxembourg, followed by a retail tokenized fund in Singapore in 2025. The firm also announced in April 2026 that BENJI tokens would be used as payment consideration in its planned acquisition of 250 Digital, an example of tokenized assets being incorporated into corporate transactions.
MoonPay broadens onchain infrastructure footprint
The Franklin Templeton partnership follows a series of recent infrastructure expansions by MoonPay aimed at connecting traditional payment rails with blockchain-based financial services. On May 22, MoonPay announced support for USDH and USDC on Hypercore, the blockchain infrastructure that powers Hyperliquid. The integration uses MoonPay’s Gateway technology, allowing users to move directly from fiat currencies into the Hyperliquid ecosystem through onchain trading routes.
The company said the service is available to users in the United States, excluding New York, and the United Kingdom. Gateway currently supports multiple blockchain networks, including Solana, Ethereum, Base, and Hypercore. MoonPay also noted that existing Gateway partners can access Hyperliquid connectivity without additional development work, highlighting its broader strategy of expanding institutional and retail access to onchain financial infrastructure through a single integration layer.
This latest collaboration with Franklin Templeton extends that approach beyond stablecoins and crypto assets into tokenized money market funds, reflecting the growing convergence of traditional financial products and blockchain-based markets.
Institutional demand drives market development
The partnership comes as financial institutions increasingly explore tokenized versions of traditional assets, including money market funds, government securities, and other short-duration instruments.
Supporters of tokenized funds argue that blockchain-based settlement can improve operational efficiency and allow assets to interact more directly with stablecoins and decentralized financial infrastructure.
For Franklin Templeton, the integration adds another distribution channel for BENJI products. For MoonPay, it broadens the range of financial assets available through its institutional trading network as tokenized securities and funds continue to expand within onchain capital markets.
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