Franklin Templeton Launches Intraday Yield for Tokenized Assets on Benji

Franklin Templeton introduced Intraday Yield for tokenized assets on its Benji platform on June 11.

The update allows investors to earn yield based on how many seconds they hold a token. They do not have to wait for a full day to receive returns.

The new feature applies even on weekends and holidays, not just on banking days. This change aims to match the structure of blockchain transactions, where movement of digital assets can happen any time.

The update c ame from Franklin Templeton, which manages $1.53 trillion in assets.

The company said this feature improves how earnings are calculated and distributed across real-world assets held on-chain.

“Intraday Yield is designed to solve a century-old inefficiency in traditional finance: the delayed and rigid nature of yield calculation and distribution,” said Roger Bayston, Head of Digital Assets at Franklin Templeton, in a quote shared by Cointelegraph.

Franklin OnChain Fund Holds $750 Million in Tokenized Treasurys

The company currently operates the Franklin OnChain U.S. Government Money Fund, one of the largest tokenized Treasury funds on the market. It holds around $750 million in tokenized assets.

In legacy systems, yield is usually calculated only once per day and distributed once per month.

That means investors who move or sell their holdings before the end of a trading session often receive no return for that period.

Bayston explained that this system does not account for the actual time an investor holds the asset.

“In most legacy systems, yield is only calculated at the end of the trading day and distributed monthly, meaning that investors that transfer or trade during a single session often miss out on the proportional dividend or interest earnings tied to their actual holding time,” he said.

With the Benji platform, the new Intraday Yield system uses on-chain data to measure exact holding time. It then allocates earnings based on that data. The system works across every day of the week, not just business days.

Tokenized Asset Market Sees 46.92% Growth in 2025

According to RWA.xyz, the market cap of tokenized assets reached $23.14 billion on June 9, up from $15.75 billion in early January. This reflects a 46.92% increase in 2025 so far.

Tokenized assets include instruments like U.S. Treasurys, corporate bonds, and public company equities. These assets exist on blockchain platforms but represent legal claims on real financial products.

Franklin Templeton is one of several firms expanding in this area. As of June 9, BlackRock and VanEck jointly manage $2.94 billion in tokenized Treasurys.

The use of blockchain lets these firms operate funds with features such as real-time ownership tracking, smart contract settlement, and now—precise Intraday Yield.

Benji Platform Builds Around Tokenized Real-World Assets

The Benji platform is part of Franklin Templeton’s blockchain effort to support tokenized versions of real-world assets.

These include debt and equity instruments issued in compliance with U.S. regulations but stored and transferred using public or permissioned blockchains.

By offering Intraday Yield, the platform allows holders of tokenized assets to earn returns based on second-by-second calculations. This system reflects exact ownership windows instead of relying on end-of-day records.

The fund operates under the same compliance framework as conventional financial products. However, blockchain infrastructure adds programmable features.

The Benji platform tracks holdings, automates compliance, and allocates income using smart contracts.

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