Franklin Templeton announced the launch of the new tokenized USD money market fund – the Franklin OnChain U.S. Government Money Fund (the “Fund”) – for professional investors in Hong Kong.

The new Fund represents the first Luxembourg-registered tokenized UCITS money market fund natively issued on blockchain, available to institutional and professional investors in Hong Kong. It also marks the first end-to-end tokenized solution introduced by an asset manager in this market, integrating blockchain-native issuance, distribution, and servicing.

“This launch reflects our ongoing commitment to delivering innovative investment solutions that address the needs of modern investors by expanding the accessibility of tokenized products in this dynamic market. Looking ahead, we aim to offer a retail-approved tokenized fund, subject to SFC approval, as part of our broader efforts to democratize access to investment solutions and foster a vibrant digital assets ecosystem in the region," Tariq Ahmad, head of APAC, Franklin Templeton commented.