Franklin Templeton debuts Hong Kong’s first tokenized fund under new AI-driven fintech plan

Franklin Templeton has introduced Hong Kong's inaugural tokenized money-market fund, the Franklin OnChain U.S. Government Money Fund, which uses blockchain tokens to represent investor shares backed by U.S. Treasuries. This launch aligns with the Hong Kong Monetary Authority's (HKMA) newly unveiled Fintech 2030 plan, which focuses on integrating AI and blockchain across the financial sector through over 40 measures. The initiative is part of Project Ensemble, where Franklin Templeton collaborates with HSBC and OSL Group to test tokenized deposits and fund flows, aiming for near-instant settlement between traditional and blockchain systems. This trend reflects a broader industry shift, with tokenized real-world assets projected to grow significantly by 2033.

(Source：The Block)