Franklin OnChain U.S. Government Money Fund fund
Overview
The Franklin OnChain U.S. Government Money Fund (ticker FOBXX) is a U.S.-registered mutual fund managed by Franklin Templeton whose share ownership is recorded on public blockchains; BENJI is the onchain token representing a share. It was incepted in 2021 and is described by Stellar, its original chain partner, as the first U.S.-registered mutual fund to use a public blockchain as its official system of record for processing transactions and recording share ownership. The fund invests at least 99.5% of total assets in U.S. government securities, cash, and repurchase agreements fully collateralised by U.S. government securities or cash, so it functions as a government money market fund with a tokenised share register. Each BENJI token is intended to represent one share, with yield accruing to holders. As of Q1 2026 the fund held roughly $828 million in assets under management and operated across eight public blockchains — Stellar, Polygon, Arbitrum, Aptos, Avalanche, Base, Solana and Ethereum — with about $843.74 million reported as of March 2026, ranking it among the largest tokenised money market funds. Stellar remains the retail hub for the product. FOBXX launched in 2021 on Stellar and later expanded to Polygon and, in 2024, Ethereum, then to Avalanche, Aptos, Arbitrum, Base and Solana. In 2026 Franklin Templeton and the Stellar Development Foundation marked five years of BENJI as the first U.S.-registered tokenised money market fund.
Within the DeFi Intel graph, Franklin OnChain U.S. Government Money Fund connects to 13 tracked entities, most strongly to Franklin Templeton, Stellar, Polygon.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 13 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Franklin Templeton | 95% |
deployed_on | Stellar | 95% |
deployed_on | Polygon | 90% |
deployed_on | Avalanche | 90% |
deployed_on | Binance | 90% |
deployed_on | Aptos | 90% |
complies_with | SEC Regulation D | 90% |
deployed_on | Ethereum | 85% |
deployed_on | Solana | 85% |
deployed_on | Arbitrum | 85% |
Frequently asked questions
What is Franklin OnChain U.S. Government Money Fund?
Franklin OnChain U.S. Government Money Fund is a fund tracked in the DeFi Intel knowledge graph. It is connected to 13 other tracked entities, most strongly to Franklin Templeton, Stellar, Polygon.
What type of entity is Franklin OnChain U.S. Government Money Fund?
Franklin OnChain U.S. Government Money Fund is classified as a fund (fund) in the DeFi Intel knowledge graph.
What is Franklin OnChain U.S. Government Money Fund connected to?
In the DeFi Intel knowledge graph, Franklin OnChain U.S. Government Money Fund is linked to 13 other tracked entities, most strongly to Franklin Templeton, Stellar, Polygon.
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