Franklin OnChain US Government Money FundBENJI
Franklin OnChain US Government Money Fund (BENJI) is a tokenized fund share issued by Franklin Templeton through Franklin Templeton Trust and managed by Franklin Advisers, Inc. with Western Asset Management Company, LLC as sub-advisor. Each token is a direct claim on the issuer. The fund is open-ended, invests in U.S. government debt, and charges a 0.15% annual management fee. Its assets sit with JPMorgan Chase Bank, administered by Franklin Templeton Services, LLC, with Franklin Templeton Investor Services, LLC as transfer agent and PricewaterhouseCoopers LLP as auditor. Retail investors and institutions can subscribe and redeem in USD, with a USD 20 minimum after completing KYC, and holders have a right to redeem at net asset value with two-to-five-business-day settlement. Franklin Templeton Trust is incorporated in the United States, is registered under the U.S. Investment Company Act of 1940, and is supervised by the U.S. Securities and Exchange Commission. BENJI has been issued on public blockchains since February 2022 and is native to 8 networks, including Stellar, Polygon, Arbitrum One, Aptos, Avalanche, and Base.