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Franklin Templeton launches the first tokenized money market fund in Hong Kong.
According to news from Hashi Chain, Franklin Templeton has launched its first tokenized money market fund in Hong Kong, named "Franklin OnChain U.S. Government Money Fund." The fund is backed by short-term U.S. Treasury bonds, with its issuance and ownership recorded on the blockchain. This initiative is the first project under the Hong Kong Monetary Authority's "Fintech 2030" plan, which covers AI and tokenization ecosystem development. The fund participated in the HKMA's "Project Ensemble" sandbox, collaborating with HSBC and OSL to test tokenized deposits and fund flows, aiming for near-instant settlement between traditional and on-chain systems. Ripple and BCG predict that by 2033, the scale of physical asset tokenization could reach $19 trillion.
#FranklinTempleton #Cryptocurrency #Blockchain #Fintech2030 #ProjectEnsemble