Franklin Templeton and HashKey launch tokenized U.S. government money fund in Asia
HashKey and Franklin Templeton bring tokenized money fund to Asia
Hong Kong-based crypto exchange HashKey has partnered with global investment firm Franklin Templeton to offer a tokenized U.S. government money market fund to professional investors in Asia. The fund, called Franklin OnChain U.S. Government Liquidity Fund (grBENJI), allows investors to access traditional money market products using blockchain technology.
A tokenized fund is a traditional investment product represented by digital tokens on a blockchain, which is a digital ledger that records transactions securely and transparently.
Key details of the partnership
- HashKey Exchange is regulated by Hong Kong’s Securities and Futures Commission and can trade securities for clients.
- The grBENJI fund invests mainly in U.S. government money market products and dollar-denominated cash assets.
- Tokenized U.S. Treasury and money market funds have grown 1,500% to $15 billion in the last two years.
- Franklin Templeton manages $1.8 trillion in assets globally.
What the companies said
HashKey stated that the grBENJI fund provides professional investors with access to tokenized money market instruments on the blockchain. Both companies plan to expand into other tokenized products in the future.
What is confirmed
- The partnership between HashKey and Franklin Templeton is official.
- The grBENJI fund is available to professional digital asset investors in Asia.
- The fund uses blockchain technology to represent traditional money market assets.
- Tokenized money market funds have seen significant growth, reaching $15 billion in assets.
Why this matters for investors
The launch reflects growing demand from institutions for yield-generating investments backed by real-world assets on regulated digital platforms. Tokenized funds allow investors to access traditional financial products with the efficiency and transparency of blockchain technology.
