BlackRock tokenization government bond fund BUIDL breaks $500 million The BlackRock US Dollar Institutional Liquidity Fund (BUIDL) has reached a Market Cap of 5.028 billion USD in less than four months, becoming the first tokenization government bond fund to reach this milestone. Since its launch on March 15th, BUIDL has surpassed the Franklin OnChain U.S. Government Money Fund (BENJI) to become the world's largest tokenization national debt fund, and has maintained its leading position. The price of BUIDL is pegged to the dollar at a 1:1 ratio, and it pays dividends to investors monthly. Ondo's OUSG is the largest holder of BUIDL, holding 173.7 million dollars.#ONDO##OM#

Golden Finance reported that Franklin Templeton announced today that users of the Benji Investments platform can exchange USDC for USD, providing funds for investing in Franklin OnChain US Government Money Fund (FOBXX), with one share of the fund representing a "BENJI Token".

According to Golden Finance, Tom Wan, a strategic analyst at 21.co, expressed the following views on the X platform: 1. BlackRock BUIDL surpassed Franklin Templeton's BENJI (FOBXX) in Assets Under Management to become the largest on-chain coin market fund, BUIDL rise 36.5% monthly, from $274 million to $375 million, and BENJI's monthly rise was only 2.1%, from $360 million to $368 million. 2. Demand is the key to tokenization, and currently, there is limited demand for tokenization stocks, funds, or bonds. Even if end investors are natives of Crypto Assets, they are reluctant to invest in tokenization stocks given the scarcity of liquidity, and issuance do not see the obvious benefits of tokenizing assets on on-chains with low demand. 3. The U.S. Treasury positions tokenization, and as mentioned earlier, the key issue of tokenization is to channel demand and liquidity. Given that there is already demand for U.S. Treasuries in Crypto Assets sectors such as Ondo (about $350 million) and stablecoin issuance providers such as Circle/Tether/Mountainprotocol ($140 billion), it is easier to find end investors to switch. It's also a good strategy for Blackrock. Ondo is now the largest holder of BUIDL 4. Forecast: The dominance of tokenization government securities will increase from 1% to 10%, with tokenization government securities accounting for only 0.1% of the total value of tokenization in January 2023. Today, it accounts for ~% of the total value of the Token 1.4%。 In my opinion, the use of BUIDL stablecoin issuance vendors would be the next natural step, with the potential to become a reserve fund for encryption assets, currently holding more than $20 billion in stablecoin.

Franklin Templeton tokenized $380 million in Treasury funds on Polygon and Stellar Blockchain to enable peer-to-peer (P2P) transfers without intermediaries, Golden Finance reported. The company launched the Franklin OnChain U.S. Government coin fund (FOBXX), a issuance of shares in the form of BENJI tokens. Each Token represents a portion of FOBXX and can be traded on the public Polygon and Stellar Blockchain.

Coin Network reports: Leading asset management company Franklin Templeton has made a major update to its $380 million tokenization coin fund Franklin OnChain with the launch of peer-to-peer transfer capabilities. This new feature enables BENJI Token holders to directly transfer fund shares, streamlining transactions and aligning products with digital economy standards. Enhanced usability helps to increase investor attractiveness and adapt to the needs of the digital age. The move also faces challenges from competitors

PANews reported on April 25 that, according to The Block, asset manager Franklin Templeton has launched its on-chain U.S. government coin fund (U.S. Government Money Fund). Each share of the fund is represented on the Polygon and Stellar Blockchains through BENJI Tokens. According to the asset management company 21.co, the fund has a 32% share of the market, representing $384 million in assets. Roger Bayston, head of digital asset at Franklin Templeton, said BENJI Token holders will be able to transfer shares to each other, and he expects the fund to work seamlessly with the digital asset ecosystem. Franklin Templeton is the first U.S.-registered fund to use a public Blockchain to process transactions and record share ownership, and since its launch in 2021, total assets under management of tokenization government securities have reached approximately $1.2 billion.

Franklin Templeton Digital Assets, a digital asset arm owned by Franklin Templeton, announced the launch of a peer-to-peer transferability service for BENJI security tokens with yield on the X platform, a new feature that will enable users to send BENJI Tokens to other BENJI holders' digital Wallets. Benji is a retail mobile app and institutional web app that allows investors to browse tokenization securities and crypto assets and invest in the world's first tokenization coin fund with native issuance on the blockchain. Benji is provided and operated by Franklin Distributors, LLC, which is part of the Franklin Templeton Global Asset Management organization.

Coin Network Report: Coin Network reported that Franklin Templeton Digital Asset announced the peer-to-peer transfer function of the BENJI security Token. This new feature will provide users with the ability to send BENJI Tokens to other BENJI holders' digital Wallets. Benji is a retail mobile app and institutional web app that allows investors to browse tokenization securities and crypto assets and invest in the world's first tokenization coin fund with native issuance on the blockchain. Benji is provided and operated by Franklin Distributors, LLC, which is part of the Franklin Templeton Global Asset Management organization.

Golden Finance reported that Franklin Templeton Digital Asset announced the peer-to-peer transfer function of the BENJI security Token. This new feature will provide users with the ability to send BENJI Tokens to other BENJI holders' digital Wallets. Benji is a retail mobile app and institutional web app that allows investors to browse tokenization securities and crypto assets and invest in the world's first tokenization coin fund with native issuance on the blockchain. Benji is provided and operated by Franklin Distributors, LLC, which is part of the Franklin Templeton Global Asset Management organization.

According to PANews news on July 17, Animoca Brands' mobile game Benji Bananas announced that about 30 million (20%) PRIMATE circulating tokens were stolen due to an attack on its market maker wallet a few months ago. The team will launch a new token, BENJI, to replace PRIMATE, and PRIMATE will be exchanged for BENJI at a 1:1 ratio. The Benji Bananas team will take a snapshot of PRIMATE holder wallets to determine eligibility to redeem BENJI, and each wallet can only be redeemed once. If the user holds PRIMATE, do not move funds to avoid inconsistency with the snapshot amount. If users stake or hold PRIMATE on SushiSwap or ApeSwap, they need to release the stake and withdraw the accumulated rewards to the same wallet. In addition, the PRIMATE token claim function on the website will be suspended and a new liquidity pool will be created for BENJI.

On July 17, Benji Bananas, a mobile game under Animoca Brands, issued an article saying that its market maker wallet was attacked a few months ago, and about 30 million (20%) PRIMATE circulating tokens were stolen. In this regard, the team will launch a new token BENJI to replace PRIMATE, and PRIMATE will be exchanged for BENJI at a ratio of 1:1. The Benj iBananas team will take a snapshot of the wallets of PRIMATE holders starting today to determine the eligibility for BENJI exchange. If the user holds PRIMATE, do not move funds to avoid inconsistency with the snapshot amount. If users stake or hold PRIMATE on SushiSwap or ApeSwap, they need to release the stake and withdraw the accumulated rewards to the same wallet.