Franklin Templeton has launched Hong Kong’s first tokenized money-market fund, coinciding with the government’s Fintech 2030 initiative that embeds AI and blockchain across finance.
The Franklin OnChain U.S. Government Money Fund, backed by short-term U.S. Treasuries, issues blockchain tokens representing investor shares.
The project aligns with the Hong Kong Monetary Authority’s Fintech 2030 roadmap unveiled by Chief Executive Eddie Yue, which includes over 40 measures to boost AI, tokenization, and financial resilience.
Franklin Templeton is partnering with HSBC and OSL Group under Project Ensemble, an HKMA sandbox testing tokenized deposits and fund settlements. HSBC says the setup enables near-instant settlement between traditional and blockchain systems.
Global asset managers are increasingly adopting tokenization to enhance efficiency and transparency, with a Ripple–BCG report projecting tokenized asset value to soar from $36 billion today to $19 trillion by 2033.
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