Following Stellar and Polygon, Franklin Templeton has brought its security tokenized fund Franklin OnChain US Government Money (FOBXX) to Layer 2 Arbitrum on Ethereum. BENJI tokens represent these fund shares and help investors trade without a third party.

This collaboration helps Franklin Templeton attract new customers and connect the DeFi market with traditional finance. With a capital scale of $420 million, FOBXX is currently the second largest RWA fund linked to US Treasuries on the blockchain, second only to BlackRock's BUIDL fund ($519 million).