Finance
What to know:
- Franklin Templeton debuts a tokenized U.S. dollar money-market fund for professional investors in Hong Kong-because who needs sleep when you can tokenize your savings? 😴
- The introduction expands the firm’s blockchain-based fund offerings across Asia, proving that if you build it (digitally), they will come. 🌏
- Collaboration with HSBC and OSL highlights Hong Kong’s growing tokenization ecosystem-because nothing says “trust” like a dragon-slaying tea ceremony. 🐉🍵
Cryptocurrency-friendly investment firm Franklin Templeton introduced a blockchain-based money-market fund for professional investors in Hong Kong, declaring war on traditional finance with the subtlety of a sledgehammer. And yes, they’re working on a retail version-because why let logic stand in the way of profit? 🚀
The Franklin OnChain U.S. Government Money Fund invests in short-term U.S. government securities, with shares represented as tokens. Franklin Templeton claims the structure allows faster transactions, better transparency, and lower costs-though we all know “lower costs” just means “lower your expectations.” 🧾
This move builds on the firm’s role in Hong Kong’s Project Ensemble, a Hong Kong Monetary Authority initiative exploring tokenized finance. Because nothing says “regulatory compliance” like dancing on a blockchain tightrope. 🤺
“This launch shows our commitment to expanding tokenized investment products in Asia,” said Tariq Ahmad, Franklin Templeton’s head of APAC, while sipping matcha from a crypto-shaped mug. 🫧
In partnership with HSBC (one of the world’s largest banks) and OSL (a Hong Kong-based crypto exchange), Franklin Templeton tested how the fund token, gBENJI, could deliver yield onchain and interact with HSBC’s tokenized deposits. Because nothing says “around-the-clock settlement” like a 3 a.m. coffee break. ☕
The Luxembourg-registered fund uses a proprietary blockchain recordkeeping system to issue, distribute, and service fund shares directly onchain. It is registered under the EU’s UCITS regulations-because nothing says “investor protection” like a 100-page PDF. 📄
Franklin Templeton has been active in blockchain finance since 2018, launching several tokenized funds and developing its Benji Technology Platform. Because nothing says “innovation” like reinventing the wheel… but with a blockchain. 🚲
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2025-11-06 12:27