Global asset manager Franklin Templeton has launched Hong Kong’s first Luxembourg-registered tokenized money-market fund. Key Takeaways: Franklin Templeton launched Hong Kong’s first tokenized money-market fund investing in short-term U.S. government securities. The fund, initially open to institutional investors, uses blockchain to boost transparency and transaction efficiency. A retail version is planned pending SFC approval, expanding access to tokenized investment products in Hong Kong. The Fr ...

Digital trading in Hong Kong has taken a step forward with the launch of the city's first Luxembourg-registered tokenised money market fund by US asset manager Franklin Templeton, marking a major development under the Fintech 2030 plan unveiled this week to establish the city as a leading fintech hub. The Franklin OnChain US Government Money Fund, which invests in US government securities and was registered in Luxembourg last year, would be available to institutional and professional investors in Hong Kon ...