Franklin Templeton Launches Tokenized Money Market Fund in Hong Kong
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Key Points: Franklin Templeton launches the first tokenized money market fund in Hong Kong under HKMA’s strategy. Collaboration includes HSBC and OSL to explore rapid settlement in tokenized finance. Real assets tokenization could reach $19 trillion by 2033, boosting financial innovation. Franklin Templeton launched the Franklin OnChain US Government Money Fund in Hong Kong on November 6th, part of the Hong Kong Monetary Authority’s “Fintech 2030” initiative. This fund, leveraging blockchain technology, represents a significant step in asset tokenization, with Franklin Templeton partnering with HSBC and OSL to enhance digital finance infrastructure and efficiency. Hong Kong’s First Tokenized Fund Launched Under Fintech 2030 Franklin Templeton initiated the Franklin OnChain US Government Money Fund as part of the “Fintech 2030” plan by the Hong Kong Monetary Authority. The fund, developed in a sandbox with HSBC and OSL, focuses on enabling near-instantaneous settlements. HSBC and OSL collaborate within the sandbox environment known as Project Ensemble to advance real-world asset tokenization experiments and faster settlements between conventional and blockchain finance systems. A report by Ripple and BCG predicts the tokenization of real assets reaching nearly X.XX trillion US dollars by 2033. This launch aligns with a broader trend toward blockchain integration in traditional finance, changing the financial landscape. “This launch reflects our ongoing commitment to delivering innovative investment solutions that address the needs of modern investors by expanding the accessibility of tokenised products in this dynamic market. Looking ahead, we aim to offer a retail-approved tokenised fund, subject to the Securities and Futures Commission’s approval, as part of our broader efforts to democratise access to investment solutions and foster a vibrant digital assets ecosystem in the region.” — Tariq Ahmad, Head of Asia-Pacific, Franklin Templeton Ethereum Market Shows Volatility with 90-Day Drop Noted Did you know? The debut of tokenized financial products in…
Filed under: News - @ November 6, 2025 1:27 am