Franklin Templeton has launched a tokenised USD money market fund, the Franklin OnChain US Government Money Fund, for professional investors in Hong Kong.
The fund uses Franklin Templeton’s proprietary blockchain-recordkeeping system, aiming to provide transparency, security, and efficiency.
Its objective is to generate income through high-quality, short-term US government securities while preserving capital and maintaining liquidity.
This is the first Luxembourg-registered tokenised UCITS money market fund issued natively on blockchain and represents the first end-to-end tokenised solution from an asset manager in the market, integrating issuance, distribution, and servicing.
Tariq Ahmad, Head of APAC at Franklin Templeton, said:
“We are excited to introduce our first tokenised money market fund in Hong Kong for professional investors. This launch reflects our ongoing commitment to delivering innovative investment solutions… Looking ahead, we aim to offer a retail-approved tokenised fund, subject to SFC approval.”
Franklin Templeton has participated in the Hong Kong Monetary Authority’s Project Ensemble since 2024.
In collaboration with HSBC and OSL, the firm tested a use case in which gBENJI, the fund’s on-chain token, delivers yield to investors, demonstrating how tokenised deposits could influence investment flows.
Featured image credit: Edited by Fintech News Hong Kong, based on image by rawpixel.com via Freepik
