Franklin Templeton Gets SEC Green Light To Expand Stellar Based Fund Access
The SEC issued a no action letter allowing Franklin Templeton’s registered funds to invest in its OnChain U.S. Government Money Fund.
Per reports, the decision removes certain custody hurdles under the Investment Company Act. The fund, known as BENJI, operates through an onchain recordkeeping system supported by Stellar (@StellarOrg).
Franklin’s transfer agent will control the Stellar wallets and private keys.
The fund invests mainly in U.S. government securities and targets a stable $1 share price.
Today, @The_DTCC's tokenization service announced plans to connect with @StellarOrg starting H1 2027.
This integration will allow market participants to leverage traditional assets in a digital ecosystem for faster settlement, greater asset mobility, extended trading hours, cost efficiency, and lowered risk.
The network was built for this moment.
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