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Franklin Templeton's Stellar Tokenized Fund Jumps to $1.1 Billion, Topping Ethereum
Franklin Templeton's OnChain U.S. Government Money Fund (BENJI) on the Stellar network has scaled past $1.1 billion in assets, surpassing its deployment volume on Ethereum and highlighting network preference shifts for tokenized money market funds.
So what
This milestone proves that low transaction fees and specialized issuance primitives on high-throughput alternative L1s like Stellar can successfully challenge Ethereum's incumbent liquidity network for institutional-grade tokenized money market funds. For allocators, it demonstrates that network choice is increasingly driven by operational efficiency and gas cost predictability rather than pure network effects alone.