Franklin Templeton's BENJI fund has crossed $400 million in assets under management, driven primarily by retail investor demand following its expansion to multiple blockchains.

The fund's low $50 minimum investment has proven particularly attractive to smaller investors seeking Treasury yields. Franklin reports that average investment size has decreased while total investor count has increased significantly.

BENJI remains the only SEC-registered mutual fund operating on public blockchains, giving it a unique regulatory position among competitors.