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.
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.
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 www.franklintempleton.com. Please carefully read a prospectus before you invest or send money.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Important data provider notices and terms available at https://www.franklintempletondatasources.com/
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Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliates companies. Prior to July 7, 2021, Franklin Templeton Distributors, Inc., and Legg Mason Investor Services, LLC served as mutual fund distributors for Franklin Templeton. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE. Reports and other information about the fund are available on the EDGAR Database on the SEC's Internet site at https://www.sec.gov/