How many tokenized Treasury funds does Franklin Templeton have on-chain?

Four Franklin Templeton funds are in our tokenized Treasury count as of October 30, 2026: iBENJI, BENJI, gBENJI and grBENJI. They are 4 of the 17 funds in the count.

What is the largest Franklin Templeton tokenized fund?

iBENJI, the Franklin OnChain Institutional Liquidity Fund, is the largest, with $1.71 billion on-chain as of October 30, 2026. That is 13.7% of the $12.49 billion total and number 4 of 17.

Which blockchain holds the most Franklin BENJI tokens?

For BENJI, the Franklin OnChain U.S. Government Money Fund, Stellar holds the most, with $527.8 million as of October 30, 2026. BENJI's total is $756.5 million across 7 blockchains.

How much of the tokenized Treasury market is on BNB Chain?

BNB Chain holds $4.38 billion, or 35.0% of the $12.49 billion total, as of October 30, 2026. $1.53 billion of that is iBENJI.

Franklin Templeton's tokenized funds: iBENJI leads at $1.71 billion

Q: Why is sgBENJI not in the tokenized Treasury count?

sgBENJI is the Franklin OnChain U.S. Dollar Short-Term Money Market Fund, a prime money fund. It can hold commercial paper and bank deposits, not only government securities, so we have not added it.

Franklin Templeton has four funds in our tokenized Treasury count as of October 30, 2026. iBENJI is largest at $1.71 billion, mostly on BNB Chain.

Franklin Templeton runs more than one product in our tokenized Treasury count. They share a brand but differ in structure, size and blockchain. This article sets them side by side, using our count as of October 30, 2026.

The full market figure is on our /treasuries page. In our count, $12.49 billion in tokenized U.S. Treasury funds is on public blockchains. That is 17 funds from 12 issuers, read directly from 20 blockchains.

How many Franklin Templeton funds are in the tokenized Treasury count?

Four. They are iBENJI, BENJI, gBENJI and grBENJI. Together they are 4 of the 17 funds we count, and all four are issued by Franklin Templeton.

Each one has its own page: iBENJI, BENJI, gBENJI and grBENJI. Each shows a share price of $1.0000 as of October 30, 2026.

How big is each Franklin fund on-chain?

iBENJI is the largest. It is the Franklin OnChain Institutional Liquidity Fund, with $1.71 billion on-chain. It ranks number 4 of 17 and is 13.7% of the total.

BENJI is the Franklin OnChain U.S. Government Money Fund (FOBXX). It holds $756.5 million, ranks number 6 of 17 and is 6.1% of the total.

gBENJI is the Luxembourg UCITS version of the fund, with $51.7 million. It ranks number 15 of 17 and is 0.4% of the total. grBENJI is the AB (Ddis) USD class of the same UCITS fund. It holds $1.2 million, ranks number 17 of 17 and is 0.0% of the total.

Fund	On-chain, Oct 30, 2026	Rank of 17	Share of total	Blockchains
iBENJI	$1.71 billion	4	13.7%	2
BENJI	$756.5 million	6	6.1%	7
gBENJI	$51.7 million	15	0.4%	1
grBENJI	$1.2 million	17	0.0%	1

Where do the Franklin funds live?

iBENJI sits on two blockchains. BNB Chain has $1.53 billion and Ethereum has $183.2 million. BNB Chain is also the largest blockchain for tokenized Treasuries overall, with $4.38 billion. Our earlier piece, BNB Chain now holds more tokenized Treasuries than Ethereum, covers that shift.

BENJI is spread across seven blockchains. Stellar holds $527.8 million. Base holds $59.9 million, Arbitrum $53.1 million, Ethereum $48.4 million, Avalanche $34.4 million, Polygon $32.3 million and Solana $510,758.

gBENJI and grBENJI are each on one blockchain only, Stellar. Stellar holds $1.16 billion of tokenized Treasuries in total, or 9.3% of the market, so the Franklin funds are a large part of what is on that network.

What is not counted for Franklin?

We have seen one more Franklin product and left it out. The Franklin OnChain U.S. Dollar Short-Term Money Market Fund (sgBENJI) is a prime money fund. It can hold commercial paper and bank deposits, not only government securities. Our Treasury count covers government-securities funds, so sgBENJI sits outside it.

This is a scope choice, not a judgment on the fund. We list what we have seen and why it is not added.

How does Franklin compare with the other issuers?

In our count, the largest fund is Ondo's USDY, with $2.38 billion, or 19.1% of the total. Circle's USYC has $2.36 billion, or 18.9%. BlackRock's BUIDL has $2.11 billion, or 16.9%. iBENJI follows them at number 4.

For a fund-by-fund view of the whole market, see Tokenized U.S. Treasuries, counted fund by fund. For how we avoid counting the same dollars twice, see the $313.8 million that can be counted twice.

How do we count these funds?

We update counts every 6 hours. We count only addresses the issuer publishes or confirms in writing. Method details are in How we count and on our /count page.

What to watch

Whether iBENJI stays at number 4 of 17 as other funds grow.
Whether BENJI's balance on Stellar changes relative to its other six blockchains.
Whether the Franklin UCITS classes, gBENJI and grBENJI, add blockchains beyond Stellar.
Whether sgBENJI's holdings change in a way that affects our scope decision.

Citing this article: "The Migration by Concrete, Franklin Templeton's tokenized funds: iBENJI leads at $1.71 billion, Oct 30, 2026," with a link to this page and to Concrete. Questions or corrections: [email protected].

The Migration by Concrete tracks traditional finance moving on-chain, reading every token directly from public blockchains. See all our counts.