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A next gen tech stack for a new era of investing

We develop blockchain-enabled technologies to create efficiencies within traditional financial assets. See how we’ve put our technology to work through platforms like Benji®.

Benji®

Our proprietary blockchain-integrated recordkeeping system enables the tokenization and servicing of mutual funds on public blockchain infrastructure. This includes infrastructure to support hot and cold digital wallet environments, all weaved into a user-friendly app, Benji Investments.


 

CASE STUDY

We developed the world’s first digital asset security to run on a public blockchain

The Franklin OnChain U.S. Government Money Fund (FOBXX) is the world’s first mutual fund to use blockchain technology to process transactions and record share ownership. The Fund’s transfer agent maintains the official record of share ownership via a proprietary blockchain-integrated system that currently utilizes public blockchain networks for transaction activity.

One share of the Franklin OnChain U.S. Government Money Fund is represented by one BENJI token. The BENJI token is available to U.S. investors through the Benji Investments app, available for iOS and Android devices. Download the app here to get started.

What are the risks?

There are risks associated with the issuance, redemption, transfer, custody, and record keeping of shares maintained and recorded primarily on a blockchain.

For example, shares that are issued using blockchain technology would be subject to risks (including the following: blockchain is a rapidly-evolving regulatory landscape in the United States and in other countries, which might result in security, privacy or other regulatory concerns that could require changes to the way transactions in the shares are recorded.

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

Investors should carefully consider a fund’s investment goals, risks, charges and expenses before investing. To obtain a summary prospectus and/or prospectus, which contains this and other information, talk to your financial professional, call us at (800) DIAL BEN/342-5236 or visit franklintempleton.com. Please carefully read a prospectus before you invest or send money.
 

Important Legal Information

It is intended to be of general interest only and not construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice.

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