News, data and analysis on tokenized assets, market design and digital economic systems.
Non-profit established in 2014 to support the Stellar network, funded from an endowment of roughly 15.5bn XLM rather than by shareholders, on a chain that is the official system of record for Franklin Templeton's BENJI.
Non-profit organisation established in 2014 to support the Stellar network, self-funded from an endowment of lumens rather than by shareholders, holding roughly 15.5bn XLM across four publicly identified accounts as of mid-2026 and reporting its use quarterly. Stellar is the official system of record for Franklin Templeton's BENJI, the first US-registered mutual fund to use a public blockchain in that role: the fund held $650m in April 2026, the wider BENJI suite $1.98bn as at 29 April 2026, and peer-to-peer share transfers had exceeded $211m through 31 March 2026. Tokenized real-world assets on the network reached about $3bn by 25 June 2026, led by Spiko's money market funds above $1bn, BENJI, and Ondo's USDY at roughly $529m, which places the foundation's grant and infrastructure decisions upstream of regulated fund distribution.
Developments in which Stellar Development Foundation is a named party, newest first.
Franklin Templeton's Benji tokenization platform held $2.44bn in assets as of 18 July 2026, of which $1.5bn, or 61.7%, sat on BNB Chain, overtaking Stellar. BNB Chain balances rose 1,226% over the preceding month.
MoneyGram began letting customers convert cash to and from USDC at its retail agent locations, using the Stellar network for settlement. The service opened in Canada, Kenya, the Philippines and the United States, with wider availability planned.
The summary prospectus for the Franklin OnChain U.S. Government Money Fund, dated 6 April 2021, stated that ownership of the fund's shares "will also be recorded on the Stellar network's blockchain", with the transfer agent's book-entry record remaining determinative in any conflict. It made a registered US money market fund, rather than a token referencing one, the vehicle through which investors held a blockchain record of fund shares.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
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