Franklin Templeton Launches First Tokenized Money-Market Fund in Hong Kong

Franklin Templeton, a leading global asset manager, has launched Hong Kong’s first tokenized money-market fund, marking a significant step towards integrating blockchain technology into traditional finance. The new fund, called the Franklin OnChain U.S. Government Money Fund, is registered in Luxembourg and backed by short-term U.S. Treasury securities. Investors receive digital tokens representing their holdings on the blockchain, enabling secure and transparent ownership transfers.