Franklin Templeton has introduced the first tokenized money market fund in Hong Kong, marking a significant step forward for asset tokenization under the Hong Kong Monetary Authority’s “Fintech 2030” initiative. The fund leverages blockchain technology and collaboration with HSBC and OSL to facilitate faster settlements within the financial system. This innovation aims to unlock increased efficiency and accessibility in digital finance infrastructure. The fund launch follows a sandbox environment developed by HSBC and OSL, known as Project Ensemble, which is focused on real-world asset tokenization experiments and more streamlined interaction between traditional and blockchain finance systems.