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Singapore Advances Tokenized Finance with Franklin Templeton Fund Approval
Singapore Advances Tokenized Finance with Franklin Templeton Fund Approval
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Singapore’s financial landscape takes a significant leap forward as Franklin Templeton secures approval for a tokenized money market fund. The new fund mirrors its Luxembourg-registered counterpart, which boasts $1.76 billion in net assets and a NAV of $9.81. Investors gain exposure to short-term securities and government money market instruments, with 52% of the portfolio allocated to assets maturing beyond 30 days.
The Luxembourg fund’s conservative strategy—92.38% in cash equivalents, the remainder in commercial bank securities—sets a precedent for the Singapore iteration. This move signals growing institutional confidence in blockchain-based financial products, though the fund notably avoids direct cryptocurrency exposure.
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