- Franklin Templeton’s BENJI token now supports yield strategies on BounceBit Prime, integrating RWAs.
- BounceBit Prime integrates BENJI token for institutional-grade yield strategies with U.S. Treasuries.
- Tokenized RWAs, including U.S. Treasuries, surpass $7 billion as adoption in digital finance grows.
BounceBit Prime has integrated Franklin Templeton’s BENJI token, which represents shares of Franklin OnChain US Government Money Fund (FOBXX). This integration allows the fund to serve as base collateral for structured yield strategies, combining real-world asset (RWA) yields with crypto-based execution.
BounceBit, a CeDeFi infrastructure provider, announced the development on August 5. With this integration, BENJI becomes the first tokenized money market fund to be used as collateral in yield products. BounceBit Prime will now act as an execution venue for these tokenized assets.
The platform serves as a regulated custody, smart contract-enabled allocation, and automated execution of delta-neutral and basis yield strategies. These strategies allow users to maintain the 4.5% yield on U.S. Treasuries while generating additional exchange-based returns.
Dual-Yield Opportunities with BENJI Token on BounceBit Prime
The BENJI token integration enables traders to benefit from both an underlying U.S. government bond yield and a crypto yield strategy. Structured products involving tokenized RWAs allow a process known as “yield stacking,” where traders can earn multiple layers of returns on the same asset.
On BounceBit Prime, the BENJI token acts as both collateral and settlement for the platform’s yield strategies. The platform targets institutional investors who seek compliant and secure yield generation across both on-chain and traditional asset classes.
Franklin Templeton launched the BENJI token in 2021. The token records ownership directly on blockchains like Ethereum, Solana, Stellar, Avalanche, and VeChain. Additionally, the USD 692 million fund is backed by U.S. government securities and operates under regulatory oversight.
Also Read | Franklin Templeton Opens Blockchain Fund with $20 Minimum Investment
BounceBit and Franklin Templeton Introduce RWA Integration for On-Chain Execution
BounceBit Prime focuses on linking institutional-grade assets and decentralized finance infrastructure. The platform allows capital to be deployed via regulated partners without relying on stablecoins or synthetic assets.
Furthermore, the platform includes self-custodied staking, smart contract-based capital flows, and transparent access to credit markets. It also supports the trading of tokenized stocks and indices, making it suitable for investors interested in exposure to tokenized assets.
According to BounceBit, it plans to expand its product offering to include tokenized equity products in the U.S., Europe, and Asia.
The use of Franklin Templeton’s tokenized money market fund on BounceBit also follows a rising trend toward RWAs in digital finance. Notably, the trade of tokenized U.S. Treasuries has exceeded $7 billion, and top asset managers, including BlackRock and Fidelity, have also launched similar tokenization initiatives.
Also Read | BounceBit Taps BlackRock’s BUIDL for New Bitcoin Trading Strategy for All Users
