Five Years of BENJI: How a Bold Bet on Stellar Changed Finance Forever
A Milestone Worth Celebrating
Five years ago, Franklin Templeton did something no one had done before. They put a U.S.-registered money market fund on a public blockchain. The Franklin OnChain U.S. Government Money Fund, known as FOBXX, became 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. That blockchain was Stellar. That decision changed the trajectory of modern finance.
What Made BENJI Different
Most financial products move slowly. BENJI was built to move fast. Its leading capabilities include peer-to-peer transferability of shares, daily onchain dividend distribution running 365 days a year including weekends and holidays, intraday yield accrued by the second when tokens transfer, 24/7 market access, and near-instant settlement. In short, BENJI brought the always-on nature of crypto to a regulated, yield-bearing product. That combination was genuinely new.
The Numbers Tell the Story
The growth since launch has been remarkable. The number of BENJI investors grew by more than 140% from April 2024 to March 2026, with a sharp increase following the May 2025 expansion of peer-to-peer transfer functionality to retail holders. Furthermore, cumulative P2P transfer volume surpassed $211 million as of March 31, 2026, and the BENJI suite represents $1.98 billion in assets under management as of April 2026. These numbers show that real demand exists for this kind of product.
Stellar’s Role in the Revolution
Stellar was not chosen by accident. The Stellar network is an open and configurable blockchain built for financial products and services, enabling smart contracts and supporting the issuance, management, and movement of real-world regulated assets at an institutional scale. As a result, BENJI found a natural home there. Franklin Templeton also used the Benji Technology Platform to launch the first fully tokenized UCITS fund in Luxembourg on Stellar in 2024, and the first retail tokenized fund in Singapore in 2025, also on Stellar. The ecosystem keeps expanding.
The Stellar Ecosystem Is Open to Everyone
This milestone matters beyond Wall Street. It signals that blockchain-based finance is real, regulated, and growing. For everyday users, access to this ecosystem has never been easier. The Lumexo wallet offers fast, simple trading within the Stellar ecosystem, putting powerful tools right in your hands. Whether you are new to crypto or already active on Stellar, Lumexo makes it straightforward to participate in the next chapter of digital finance.
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