Franklin Templeton launched Hong Kong’s first tokenized money market fund, advancing the city’s fintech ambitions and blockchain integration goals.
Posted November 6, 2025 at 9:56 am EST.
Franklin Templeton introduced Hong Kong’s first fully tokenized money market fund for professional investors, integrating blockchain technology across issuance and servicing operations.
The Franklin OnChain U.S. Government Money Fund invests in short-term U.S. Treasuries while recording ownership through blockchain tokens registered in Luxembourg, the company announced Wednesday.
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The launch aligns with Hong Kong Monetary Authority’s Fintech 2030 strategy, which includes over 40 measures for AI integration and tokenization infrastructure development. Franklin Templeton partnered with HSBC and OSL Group through Project Ensemble, an HKMA sandbox testing tokenized deposits and payment flows with potential central bank digital currency integration.
Hong Kong has established clear regulatory frameworks for digital assets, differentiating itself from mainland China. The city launched wholesale CBDC pilots in March 2024 supporting asset tokenization. Retail access awaits Securities and Futures Commission approval. Tokenized real-world assets could reach $19 trillion by 2033, according to Ripple and Boston Consulting Group projections.
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