Franklin Templeton Launches Hong Kong’s First Tokenised Money Market Fund
Franklin Templeton has unveiled Hong Kong’s first Luxembourg-registered tokenised money market fund, marking a major milestone in the city’s push to become a global fintech leader under its new Fintech 2030 strategy.
The Franklin OnChain U.S. Government Money Fund, which invests in U.S. government securities, will be available to institutional and professional investors with at least HK$8 million in assets. The initiative is part of a broader collaboration with HSBC, OSL Group, and the Hong Kong Monetary Authority to expand tokenised products and blockchain-based settlements.
According to the South China Morning Post, the launch also aligns with Hong Kong’s five-year roadmap to integrate artificial intelligence, tokenised deposits, and digital currencies into its financial infrastructure — positioning the city as a frontrunner in digital asset innovation.