Franklin Templeton Launches Tokenised Money-Market Fund in Hong Kong

The fund is only available initially to institutional or professional investors in Hong Kong, with a required minimum asset level of HK$8 million (US$1 million) and it is expected to expand to retail investors in future subject to regulator approval.

Blockchain underpins the structure: Franklin has developed an on-chain record-keeping system, allowing token-based shares and faster settlement flows, in partnership with distribution platforms like OSL and banks like HSBC Holdings. This initiative aligns with the Hong Kong Monetary Authority’s Fintech 2030 strategy, which explicitly targets asset tokenisation and integration of digital finance rails.

The launch illustrates how traditional asset managers are leveraging blockchain to upgrade fund infrastructure. Assets in tokenised money-market and Treasury funds have surged globally and funds like this blur the line between traditional money-market funds and digital-asset infrastructure. While still nascent, such offerings could reshape liquidity, settlement and cross-border flows if regulation, investor demand and technology platform-risk converge favourably.