FOBXX
Franklin OnChain US Government Money Fund
Franklin Templeton's on-chain government money-market fund — the first US-registered tokenised MMF.
FOBXX (ticker BENJI on-chain) was approved by the SEC in 2021. Holds 100% US government securities and cash; daily-NAV-aware. Available on Stellar, Polygon, Avalanche, and Arbitrum.
Related terms
- RWA (real-world assets)Tokenised off-chain assets — Treasuries, money-market funds, credit pools, real estate — used as on-chain collateral or yield products.
- Money-market fundA regulated mutual fund holding short-duration government / corporate paper, structured to maintain stable NAV.
- SECThe US federal agency regulating securities markets — its enforcement decisions shape token-classification and stablecoin-as-security questions.
- T-bill (US Treasury bill)A short-duration (≤ 1 year) US government debt instrument — the primary reserve asset for major fiat-backed stables.