During the Hong Kong Fintech Week, Franklin Templeton announced the availability of its first tokenized money market fund in Hong Kong. Initially it is only available to institutional or professional investors, with plans to expand to retail users in the future with appropriate regulatory approval.
“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,” said Tariq Ahmad, Head of APAC at Franklin Templeton.
This is the fourth region where Franklin Templeton has launched a tokenized money market fund, following the U.S., Luxembourg and Singapore. As the first incumbent asset manager to launch a tokenized fund in 2021, Franklin Templeton has built its offerings using a proprietary on-chain transfer agent system, with BENJI tokens now surpassing $900 million in market capitalization. The Hong Kong issuance is based on the Luxembourg UCITS version of the Franklin OnChain U.S. Government Money Fund, which went live in February 2025.
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