Franklin Templeton's OnChain US Government Money Fund (FOBXX) was the first SEC-registered fund to use a public blockchain for transaction processing and share ownership recording. The fund invests in US government securities and is accessible through the Benji app with a $20 minimum. Shares are tracked on Stellar and Ethereum blockchains.
Visit Franklin Templeton BENJIFirst SEC-registered fund to use public blockchain for share tracking. Franklin OnChain US Government Money Fund accessible via the Benji app. $700M+ AUM. Stellar and Ethereum deployment.
Single asset manager controls fund operations. On-chain component is share tracking, not direct asset custody. Minimum investment for direct access.
1 independent party or system must fail before a Franklin Templeton BENJI holder's bitcoin is at risk.
Franklin Templeton BENJI's custody insurance is not publicly disclosed.
Franklin Templeton BENJI uses a sec-registered fund (franklin templeton) model and scores 77/100 in our independent review, including 82/100 on custody security. One institution can move funds, which is a single point of failure. Safety depends on your priorities; see the full score breakdown above.
Franklin Templeton BENJI's custody insurance is not publicly disclosed in a form we can verify. Where it exists, custody insurance covers specific named events up to shared limits and does not cover price loss. Confirm coverage in writing before relying on it.
Because Franklin Templeton BENJI holds custody through a single institution, recovery in a failure would run through that institution's bankruptcy or resolution process and depends on whether assets were segregated and properly titled. This is the concentration risk of single-custodian models.
Franklin Templeton BENJI does not advertise a dedicated inheritance or beneficiary feature in the data we track. Confirm current options with the provider, since custody inheritance handling changes.