Franklin Templeton Launches First Tokenized Money Market Fund in Hong Kong
Franklin Templeton has introduced Hong Kong's inaugural tokenized U.S. dollar money market fund, targeting professional and institutional investors. The Franklin OnChain U.S. Government Money Fund leverages blockchain technology for end-to-end tokenization, encompassing issuance, distribution, and servicing directly onchain.
Registered under Luxembourg's UCITS framework, the fund invests in short-term U.S. government Treasurys, aligning with Hong Kong's Fintech 2030 strategy. A retail-approved version is pending regulatory approval from the Securities and Futures Commission.