Asset manager Franklin Templeton has taken a significant step forward in the world of digital finance, launching a tokenized U.S. dollar money market fund for professional investors in Hong Kong. This marks a major milestone as it’s the first end-to-end tokenization structure by a global asset manager to integrate issuance, distribution, and servicing directly on blockchain within the city. The fund, called Franklin OnChain U.S. Government Money Fund, is currently available exclusively to institutional and professional investors. It is registered in Luxembourg under a framework that allows funds to be distributed across the European Union. The fund invests primarily in short-term U.S. Treasury securities for income generation and capital preservation, utilizing Franklin Templeton’s proprietary blockchain recordkeeping system. )