Franklin Templeton Introduces BENJI Platform to VeChain

According to Jinse Finance, asset management firm Franklin Templeton has introduced its BENJI platform to the Layer-1 blockchain VeChain, integrating it for enterprise payments. This move expands the reach of Franklin Templeton’s platform while providing businesses operating on VeChain with an additional stablecoin option. Data from RWA.xyz shows that the BENJI platform is available on at least seven blockchain platforms: Stellar, Ethereum, Arbitrum, Base, Avalanche, Polygon, and Aptos. The majority of its market capitalization comes from Stellar, amounting to $432 million at the time of writing.