Franklin Templeton Debuts Tokenized Money Market Fund in Hong Kong

Franklin Templeton has introduced the Franklin OnChain U.S. Government Money Fund, a blockchain-based money-market product registered under UCITS regulations and available to accredited investors in Hong Kong. The fund invests in short-term U.S. government securities, with shares represented as tokens, promising faster transactions, greater transparency, and lower costs than traditional structures. This launch builds upon the firm's involvement in Hong Kong's Project Ensemble and its partnership with HSBC and OSL, where they tested the token's yield delivery and interaction with tokenized deposits for 24/7 settlement. Franklin Templeton is also developing a version for retail investors as it expands its digital asset footprint in Asia, leveraging its proprietary Benji Technology Platform.

(Source：CoinDesk)