Franklin Templeton has launched its Benji tokenization platform on the Ethereum network, marking a significant step in its blockchain initiatives. This launch is part of the firm's broader strategy, following earlier platform releases on Aptos, Avalanche, Arbitrum, and Base. According to Sandy Kaul of Franklin Templeton, the firm's efforts aim to explore innovative blockchain solutions that leverage Ethereum’s Virtual Machine and smart contract capabilities to enhance their tokenized funds. Recent data indicates a growth in tokenized treasuries, with their market cap exceeding $2.37 billion. Franklin's on-chain market fund is currently valued at $409 million, making it the third largest fund, following BlackRock’s BUIDL and Ondo’s USDY. The industry is witnessing a trend towards multi-chain strategies, as exemplified by BUIDL's recent expansions. The tokenized fund market is rapidly evolving, indicating an increasing maturity in the space.

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