Franklin Templeton partners DigiFT to distribute BENJI tokenised money market fund across Asia
Key points
- Franklin Templeton has appointed Singapore-based DigiFT to distribute its BENJI tokenised money market fund to accredited and institutional investors across Asia.
- DigiFT holds Capital Markets Services and Recognised Market Operator licences from the Monetary Authority of Singapore.
- BENJI is Franklin Templeton's anchor blockchain offering, with a market capitalisation exceeding $800 million as of the announcement.
- The deal signals a distribution model in which asset managers lean on licensed regional platforms rather than building bilateral relationships market by market.
Franklin Templeton has appointed Singapore-based DigiFT to distribute its BENJI tokenised money market fund to accredited and institutional investors across Asia. DigiFT holds Capital Markets Services and Recognised Market Operator licences from the Monetary Authority of Singapore.
BENJI is Franklin Templeton’s anchor blockchain offering, with a market capitalisation exceeding $800 million as of the announcement. The partnership extends the fund’s reach into Asian markets through a regulated intermediary already cleared to serve institutional clients in the region.
The arrangement signals a distribution model in which asset managers lean on licensed platforms rather than building bilateral relationships market by market. The choice of a dual-licensed intermediary also highlights the primacy of MAS approvals when targeting Southeast Asian allocators at scale.
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