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Franklin Templeton Launches Singapore’s First Retail Tokenized Money Market Fund
Franklin Templeton Launches Singapore’s First Retail Tokenized Money Market Fund
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Franklin Templeton, managing $1.5 trillion in assets, has received approval from Singapore’s Monetary Authority for its blockchain-based Franklin OnChain U.S. Dollar Short-Term Money Market Fund. The fund breaks new ground as the city-state’s first tokenized investment vehicle accessible to retail participants.
With a minimum investment threshold of just $20, the product dramatically democratizes access to money market instruments via distributed ledger technology. Shares will be issued through the firm’s proprietary blockchain transfer agency platform, designed to improve transparency and operational efficiency while maintaining security.
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