TLDR
- Franklin Templeton has launched a tokenized U.S. dollar money market fund for professional investors in Hong Kong.
- The fund is registered in Luxembourg and operates as the first UCITS money market fund issued on blockchain in Hong Kong.
- It invests in short-term U.S. government securities to generate income while preserving capital and liquidity.
- Franklin Templeton uses its Benji Technology Platform to manage all transactions, recordkeeping, and servicing directly on-chain.
- The platform aims to improve transparency, security, and efficiency across blockchain-based investment operations.
Franklin Templeton has launched a tokenized U.S. dollar money market fund for professional investors in Hong Kong. The fund expands blockchain-based investment products in the region and strengthens Franklin Templeton’s digital finance presence.
Franklin Templeton Debuts Tokenized Fund in Asia
Franklin Templeton registered the Franklin OnChain U.S. Government Money Fund in Luxembourg. The fund is the first UCITS money market fund issued on blockchain for professional investors in Hong Kong. It invests in short-term U.S. government securities to maintain liquidity and generate income.
The asset manager said the launch aligns with Hong Kong’s regulatory framework for digital assets. The company aims to provide more transparent and efficient investment access through blockchain technology. It focuses on secure, regulated digital asset adoption among institutional investors.
Franklin Templeton stated that the initiative supports its regional strategy to enhance blockchain integration. The firm continues to explore regulated on-chain investment products in Asia. It aims to meet the growing institutional demand for digital asset infrastructure.
Benji Platform and Blockchain Integration
Franklin Templeton uses its proprietary Benji Technology Platform for blockchain recordkeeping and servicing. The platform enables issuance, distribution, and management of tokenized assets directly on-chain. It offers increased transparency, accessibility, and efficiency for fund participants.
The company described the Benji Platform as an end-to-end blockchain-based solution for asset managers. It allows real-time visibility into transactions and ownership records while reducing administrative costs. It also supports interoperability with traditional financial systems.
Tariq Ahmad, head of Asia-Pacific at Franklin Templeton, said, “We aim to offer a retail-approved tokenized fund subject to SFC approval.” He added that the company seeks to “democratize access to investment solutions and strengthen Hong Kong’s digital asset ecosystem.”
Franklin Templeton partnered with OSL Wealth Management for regulated distribution of the fund. OSL serves as a licensed platform supporting tokenized investment products in Hong Kong. The partnership enhances the fund’s market reach and investor access.
Brian Chen, head of OSL Wealth Management, said, “Hong Kong is becoming an institutionally trusted hub for digital assets.”
He emphasized that OSL has supported blockchain-based products since its inception. The collaboration demonstrates Hong Kong’s readiness for institutional tokenized products.
Franklin Templeton has engaged in the Hong Kong Monetary Authority’s Project Ensemble since 2024. The initiative tests the interoperability of the fund’s token “gBENJI” with tokenized bank deposits. It explores yield delivery to investors using blockchain integration.
Market Expansion and Regional Developments
The launch follows China Asset Management’s digital money market fund introduced earlier in 2025. The growing activity shows increasing institutional interest in tokenized investment opportunities. Franklin Templeton continues expanding blockchain-based products across global financial centers.
Hong Kong has developed a regulatory environment supporting real-world asset tokenization. The HKMA’s Fintech 2030 strategy includes tokenized bonds and digital currency frameworks. It reinforces Hong Kong’s ambition to become a leading digital asset hub.
Franklin Templeton launched the world’s first U.S.-registered blockchain mutual fund in 2021. It later introduced a fully tokenized UCITS fund in Luxembourg in 2024 and a retail version in Singapore in 2025. The firm manages about $1.6 trillion in assets globally.
Franklin Templeton positions its Benji Platform as white-label infrastructure for banks and asset managers. The company plans further collaboration with regulated partners to expand blockchain adoption. It continues to operate node validators and develop new blockchain solutions.
The launch of the Franklin OnChain U.S. Government Money Fund reinforces Franklin Templeton’s digital asset leadership. The company integrates blockchain technology across regulated markets and institutional frameworks. It continues advancing tokenized investment solutions across Asia and beyond.
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