Cap, a lending platform backed by financial collateral, announced today that it has been onboarded as a BENJI client and will be able to manage Franklin Templeton’s tokenized money market fund as a supported deposit asset. This approval is the first step in allowing BENJI holders access to Cap’s infrastructure.
BENJI is the longest-running tokenized money market fund in its category, launching in 2021. As of June 24, 2026, the broader BENJI suite adds $2.5 billion in on-chain assets under management.
As a licensed asset, each BENJI integration must be approved directly by Franklin Templeton Digital Assets. To achieve this milestone, Cap passed Franklin Templeton’s full compliance review to become a BENJI wallet holder – a high bar for digital asset platforms and a signal of institutional confidence in Cap’s system.
Franklin Templeton Digital Assets has been building digital asset infrastructure since 2018 and led Cap’s seed round in 2025. The two companies intend to continue collaborating to bridge traditional finance and decentralized finance.
“The approval of Franklin Templeton’s compliance review and support of BENJI as a depository asset reflects exactly the type of institutional rigor for which Cap was created. We are proud to deepen our work with a partner who has been investing in this infrastructure since the early days,” said Benjamin, Founder and CEO of Cap.
About the cap
Cap is a private lending platform that uses blockchain technology to solve key problems facing legacy private lending systems. Cap’s new automated credit marketplace ensures that every loan is backed by on-chain capital protection. Each loan has a dedicated underwriter who puts their own capital behind the decision, making honest underwriting the dominant strategy. Dollar depositors then earn a guaranteed return which is assured by insurers. This innovative approach to private credit alleviates the issues of scalability, incentive alignment, fraud and illiquidity faced by traditional markets. Cap’s investors include Franklin Templeton, Susquehanna, IMC Trading and other traditional financial institutions. Today, the platform has over $4 billion in cumulative volume, over $350 million in deposits, and an annualized yield of 5-7% on dollar deposits.
About BENJI / Franklin Templeton Digital Assets
BENJI is Franklin Templeton’s tokenized money market fund, launched in 2021 and the oldest fund in its category, with over $800 million held on-chain. Franklin Templeton has been building digital asset infrastructure since 2018.
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