Franklin Templeton is expanding its tokenization platform to the BNB Chain, allowing the asset manager with $1.6 trillion in assets to leverage BNB Chain's low-cost infrastructure. This integration will enhance the reach of Franklin Templeton's OnChain U.S. Government Money Fund, which currently holds $742 million. The fund utilizes the Benji Technology Platform to administer shares and has seen significant growth since its 2021 launch. With 938 holders across various blockchains, Franklin Templeton aims to provide greater utility for tokenized assets, according to Roger Bayston, head of digital assets. Additionally, Franklin Templeton is collaborating with Binance on separate digital asset products tailored for a diverse range of investors. The BNB Chain has gained attention recently, showcasing robust performance in the crypto market, including an all-time high for BNB token pricing.

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