PANews reported on November 6th that, according to The Block, Franklin Templeton launched its first tokenized money market fund in Hong Kong, the "Franklin OnChain US Government Money Fund." Backed by short-term US Treasury bonds, the fund issues shares and records ownership via blockchain. This initiative is the first implemented project under the Hong Kong Monetary Authority's "Fintech 2030" plan, which covers AI and tokenization ecosystem development. The fund participates in the HKMA's "Project Ensemble" sandbox, collaborating with HSBC and OSL to test tokenized deposits and fund flows, aiming to achieve near-instantaneous settlement between traditional and on-chain systems. A Ripple and BCG report projects that the tokenization of real assets may reach approximately $19 trillion by 2033.PANews reported on November 6th that, according to The Block, Franklin Templeton launched its first tokenized money market fund in Hong Kong, the "Franklin OnChain US Government Money Fund." Backed by short-term US Treasury bonds, the fund issues shares and records ownership via blockchain. This initiative is the first implemented project under the Hong Kong Monetary Authority's "Fintech 2030" plan, which covers AI and tokenization ecosystem development. The fund participates in the HKMA's "Project Ensemble" sandbox, collaborating with HSBC and OSL to test tokenized deposits and fund flows, aiming to achieve near-instantaneous settlement between traditional and on-chain systems. A Ripple and BCG report projects that the tokenization of real assets may reach approximately $19 trillion by 2033.
Franklin Templeton launches its first tokenized money market fund in Hong Kong.
PANews reported on November 6th that, according to The Block, Franklin Templeton launched its first tokenized money market fund in Hong Kong, the "Franklin OnChain US Government Money Fund." Backed by short-term US Treasury bonds, the fund issues shares and records ownership via blockchain. This initiative is the first implemented project under the Hong Kong Monetary Authority's "Fintech 2030" plan, which covers AI and tokenization ecosystem development. The fund participates in the HKMA's "Project Ensemble" sandbox, collaborating with HSBC and OSL to test tokenized deposits and fund flows, aiming to achieve near-instantaneous settlement between traditional and on-chain systems. A Ripple and BCG report projects that the tokenization of real assets may reach approximately $19 trillion by 2033.
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