Franklin Templeton integrates BENJI fund with MoonPay to build on-chain liquidity hub

Franklin Templeton has integrated its on-chain U.S. Treasury money market fund, BENJI (FOBXX), with the institutional platform of crypto payments and trading infrastructure firm MoonPay, The Block reported. Through MoonPay Trade's single API, institutional investors can now instantly exchange their BENJI tokens for major stablecoins like USDC and USDT. This enables BENJI holders to efficiently deploy their capital in various DeFi and on-chain financial activities, including corporate treasury management, on-chain liquidity provision, loan collateralization, and real-time portfolio rebalancing.