Franklin Templeton Launches Blockchain Money Market Fund in Hong Kong

Franklin Templeton has taken a significant step forward in the world of finance by launching its first blockchain-based money market fund in Hong Kong. This collaboration with HSBC and OSL utilizes Project Ensemble’s sandbox to enhance tokenization and near-instant settlement processes, aligning with the HKMA’s Fintech 2030 initiative. The fund, backed by short-term US Treasury bonds, is designed to revolutionize how assets are owned and transferred.