Stellar Powers $1.9B BENJI Fund as $660M Treasuries Fuel XLM Price Buzz Today

Stellar powers Franklin Templeton’s $1.9B BENJI fund and supports $660M in tokenized U.S. Treasuries, boosting XLM attention today.

Stellar has returned to focus as Franklin Templeton continues using the network for its BENJI money market fund. 

The fund has become a major example of tokenized finance in the United States.

The latest discussion followed comments from Sandy Kaul, an executive at Franklin Templeton. 

She explained how public blockchain rails can reduce costs in fund operations.

Kaul compared $75,000 in traditional processing costs with about $1.13 on Stellar. The figure covered 50,000 transactions across two different financial systems.

Meanwhile, traders are watching XLM as tokenized U.S. Treasuries grow on Stellar. The network now hosts over $660 million in tokenized Treasury-related assets.

Franklin Templeton Uses Stellar for BENJI Fund Records

Franklin Templeton has used Stellar for BENJI for five years. The fund gives investors access to tokenized money market shares. 

It also uses blockchain tools to record ownership and support transfers. The BENJI fund has grown into a large tokenized money market product. 

Franklin Templeton placed its asset base above $1.9 billion in recent updates. This growth has kept BENJI at the center of tokenized fund discussions.

Stellar’s role goes beyond a test use case. The network supports a live fund with regulated access. Therefore, BENJI shows how public blockchains can support traditional financial products.

Stellar Cost Gap Draws Attention From Wall Street

The latest debate focused on the cost gap between older systems and blockchain rails. 

Traditional transfer agents and clearing houses can charge high fees per transaction. Those costs often rise when funds handle many records and payments.

Kaul said Stellar processes similar activity at a much lower cost. She placed 50,000 transactions at about $1.13 on the network. 

By contrast, traditional rails were linked to about $75,000 for the same volume. This cost gap matters for fund managers and payment firms. 

Tokenized funds may need regular transfers, account updates, and yield payments. As a result, cheaper settlement can reduce pressure across daily operations.

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Tokenized Treasuries Add to XLM Price Talk

Stellar also hosts over $660 million in tokenized U.S. Treasury-related assets. That figure has drawn more attention to real-world assets on public blockchains. 

It has also placed XLM back into wider market discussion. Some traders have linked Treasury tokenization growth to possible XLM price targets. 

Market posts have mentioned a $5 to $10 range if larger flows move on-chain. However, those targets remain trader projections, not official forecasts.

The U.S. Treasury market is valued near $31 trillion. Even a small share moving on-chain could increase activity across supported networks. 

For now, Stellar’s BENJI role keeps the network visible in tokenized finance.

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