The post Singapore bet on tokenized finance grows with Franklin Templeton fund approval appeared on BitcoinEthereumNews.com.

Asset manager Franklin Templeton has secured approval from the Monetary Authority of Singapore to launch its tokenized Franklin OnChain US Dollar Short-Term Money Market Fund. With the move, it became the first tokenized fund open to all investors in Singapore. According to reports, the fund is similar to the Luxembourg-registered Franklin Templeton money market fund, which exposes investors to short-term securities and government money market instruments. That fund currently has $1.76 billion in total net assets, with the net asset value (NAV) being $9.81. A breakdown of its portfolio also shows that most of its investments (52%) are allocated to assets with more than 30 days of maturity. The rest have maturity dates varying between one day and 30 days. Interestingly, 92.38% of the Luxembourg fund allocation is in cash or cash equivalents. The remaining is divided among securities of several commercial banks and other companies. Thus, the Singapore fund is also expected to have a similar strategy and structure. Meanwhile, media reports claim that the Singapore fund is structured under Franklin Templeton Investments Variable Capital Company (VCC), and a blockchain-integrated transfer agency platform from the firm will handle the issuance of shares. Speaking on the development, Franklin Templeton’s head of APAC, Tariq Ahmed, described it as a milestone moment that shows how the company is leveraging blockchain technology to make investment opportunities available. Ahmed said: “The new fund marks a significant milestone in our commitment to harnessing the power of blockchain technology to lower the barriers to investing and deliver transformative products for investors in Asia-Pacific.” This is evident in the minimum investment amount for investors being $20, a very low barrier of entry compared to other money market funds. The low investment threshold signifies the firm launching the product for retail investors. Tokenization market continues to expand with…

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Filed under: News - @ May 15, 2025 3:27 pm