The Block reported that Franklin Templeton has integrated its on-chain U.S. Treasury money market fund, 'BENJI (FOBXX)', into the institutional platform of MoonPay, a virtual asset payment and trading infrastructure company.

Institutional investors can instantly exchange their BENJI tokens for major stablecoins such as USDC and USDT through the single API infrastructure of MoonPay Trade.

BENJI holders can now efficiently utilize their capital for various DeFi and on-chain financial activities, rather than simply holding the assets. These activities include corporate treasury management, on-chain liquidity provision, loan collateralization, and real-time portfolio rebalancing.