Franklin Templeton integrated its tokenized money market fund, BENJI, into MoonPay Trade.

CoinFeed reported on June 3rd that, according to The Defiant, Franklin Templeton has integrated its tokenized money market fund, BENJI, into MoonPay Trade. Institutional users can directly exchange supported stablecoins for shares of the Franklin Templeton U.S. Government Monetary Fund on-chain, and reverse exchanges are also supported. This integration connects Franklin Templeton's Benji technology platform with MoonPay Trade's institutional quoting, routing, and execution engine. Franklin Templeton stated that BENJI holders will be able to exchange for stablecoin liquidity through MoonPay and use the fund in on-chain workflows such as treasury management, portfolio rebalancing, and collateral.