Which chain has the most BENJI?

The live supply-by-chain figures on this page rank the chains by how much BENJI sits on each. The split shifts as the fund grows and holders bridge, so the current measured figures — not a fixed number — are the accurate answer, and they're read live from onchain data.

How is BENJI's supply measured across chains?

As decimals-normalized USD supply per chain, taken from the same authoritative by-chain rollup the fund's instrument page uses. Multiple deployments on one chain are summed into that chain's total, and chains with no measured supply are shown as not measured rather than as zero, so the split reflects real measured supply.

BENJI is Franklin Templeton's onchain token representing a share of its US government money-market fund — one of the earliest institutional tokenized funds. It's issued across several blockchains, and its onchain supply, holders, and activity are directly observable, which is what lets a per-chain split and a quality rating be measured for it.

Is BENJI the same fund on every chain?

Yes — it's issued as the same fund across its chains, and OnChain Benchmark aggregates supply and holder concentration across all of them for a single view. The per-chain split shows how that one fund's supply is distributed, while its rating is measured across all chains together.

OCB Reference/Market

What chains is BENJI on, and how much sits on each?

Franklin Templeton's tokenized money-market fund is issued across several blockchains. Here is BENJI's supply by chain, measured live — and why where the supply lives is worth knowing.

OnChain Benchmark · Reference · figures update live

The short answer

BENJI — Franklin Templeton's tokenized share of a US government money-market fund — is issued across several blockchains, and its supply is spread unevenly among them. The live breakdown below shows how much of BENJI's measured supply sits on each chain, read from current onchain data and aggregated across every deployment. As one of the earliest institutional tokenized funds, where BENJI's supply lives is a useful read on where onchain money-market activity is actually concentrating — a cross-chain view no single-chain explorer gives you.

A tokenized fund isn't pinned to one chain the way a traditional fund is pinned to one transfer agent. BENJI is issued as the same fund across multiple blockchains, and the amount on each moves as the fund grows and holders bridge between ecosystems. So "what chains is BENJI on" is really two questions: which chains, and — the more useful one — how much on each.

How is BENJI's supply split across chains?

Here is BENJI's measured supply by chain, read live. Each figure is decimals-normalized USD supply from the same onchain measurement the fund's instrument page uses — so this split reconciles with the published fund figures rather than a separate estimate:

BENJI supply by chainLive

Stellar$445.05M64.8%

Base$59.61M8.7%

Ethereum$48.11M7.0%

Arbitrum$47.86M7.0%

Avalanche$34.24M5.0%

Polygon$32.14M4.7%

Aptos$19.68M2.9%

Solana$518.93K0.1%

Measured supply by chain · read live

Why does the cross-chain split matter?

Two funds of the same size can behave very differently depending on where their supply sits. The chains carrying the most BENJI are where its onchain activity and any collateral use concentrate. A fund whose supply is spread across many chains is exposed to more bridging and more venues than one concentrated on a single chain — a structural fact about the token that a per-chain explorer, looking at one deployment, will never show you.

How does this relate to BENJI's rating?

The cross-chain distribution feeds the holder-concentration and supply picture that goes into BENJI's quality rating. Supply and concentration are measured across all chains together, so the aggregate rating already reflects the full multi-chain footprint; the per-chain split here is the "where" underneath those numbers. For how BENJI stacks up against other tokenized treasuries, see the most trustworthy tokenized treasuries.

Questions & answers

What chains is BENJI on?: BENJI — Franklin Templeton's tokenized share of a US government money-market fund — is issued across several blockchains as the same fund, with its supply spread unevenly among them. The live per-chain breakdown on this page shows how much of BENJI's measured supply sits on each chain, aggregated across every deployment and read from current onchain data.
Which chain has the most BENJI?: The live supply-by-chain figures on this page rank the chains by how much BENJI sits on each. The split shifts as the fund grows and holders bridge, so the current measured figures — not a fixed number — are the accurate answer, and they're read live from onchain data.
How is BENJI's supply measured across chains?: As decimals-normalized USD supply per chain, taken from the same authoritative by-chain rollup the fund's instrument page uses. Multiple deployments on one chain are summed into that chain's total, and chains with no measured supply are shown as not measured rather than as zero, so the split reflects real measured supply.
What is BENJI?: BENJI is Franklin Templeton's onchain token representing a share of its US government money-market fund — one of the earliest institutional tokenized funds. It's issued across several blockchains, and its onchain supply, holders, and activity are directly observable, which is what lets a per-chain split and a quality rating be measured for it.
Is BENJI the same fund on every chain?: Yes — it's issued as the same fund across its chains, and OnChain Benchmark aggregates supply and holder concentration across all of them for a single view. The per-chain split shows how that one fund's supply is distributed, while its rating is measured across all chains together.

Last reviewed Sep 5, 2026 · figures read live