Asset management firm Franklin Templeton has enabled the peer-to-peer transfers of tokenized shares in its on-chain U.S. Government Money Fund.

With each share represented by the BENJI token on the Polygon and Stellar blockchains, Franklin Templeton leads the tokenized U.S. Treasuries niche. Its 32% market share represents $384 million in assets, according to data compiled by asset management firm 21.co, the parent company of bitcoin exchange-traded fund provider 21Shares.

“We are excited that BENJI token holders will have the ability to transfer shares amongst each other,” Franklin Templeton Head of Digital Assets Roger Bayston said in a statement. “Eventually, we hope for assets built on blockchain rails, such as the Franklin OnChain U.S. Government Money Fund, to work seamlessly with …