Franklin Templeton’s tokenized funds add $532.4 million in 30 days

Franklin Templeton’s tokenized funds added $532.4 million in market value over the past 30 days. That beat both Spiko and Re over the same stretch.

The numbers behind the run

The pace picked up near the end of the month. In the seven days ending November 2, 2026, the firm added $151.8 million in tokenized fund market cap.

MidasRWA came in second over that week with a gain of $78.3 million. Franklin Templeton’s weekly haul was nearly double that.

Most of this activity runs through BENJI. The token represents shares in the Franklin OnChain U.S. Government Money Fund, which trades under the ticker FOBXX. A version also circulates as sgBENJI.

By late 2026, Franklin Templeton’s digital assets under management reached $3.6 billion. Approximately $2.5 billion of that sits in tokenized money market funds.

Where the money lives

BENJI runs primarily on the Stellar blockchain. Franklin Templeton picked that network as its main home for the fund and has stuck with it.

The firm has been spreading out, though. Its expansion onto the XRP Ledger has drawn over $150 million in new inflows.

The research also points to partnerships with companies like Uber around 24/7 trading and settlement use cases.

In August 2026, Franklin Templeton received an SEC no-action letter allowing its traditional mutual funds and ETFs to use BENJI tokens as cash positions or collateral.

A no-action letter is the SEC saying, in effect, that it will not pursue enforcement if the firm does what it described. It is not a blanket approval. Still, it lets a conventional fund treat a token as cash, which is a notable shift for an agency long wary of anything on-chain.

A crowded field of tokenized Treasuries

Tokenized US government money market and Treasury products were estimated at around $38 billion earlier in 2026.

Spiko has been one of the strongest challengers. Its SAFO fund reached $2.38 billion in assets under management by late October 2026.

That put SAFO ahead of BlackRock’s BUIDL over the same period.

Spiko’s SAFO figure and Franklin Templeton’s approximately $2.5 billion in tokenized money market funds sit in the same general range. That makes the 30-day growth comparison more than a vanity metric. The leaders are close enough that monthly flows can reshuffle the rankings.

Re also trailed Franklin Templeton over the 30-day window. MidasRWA, meanwhile, was the nearest competitor on the seven-day count.