Franklin Templeton Introduces Hong Kong's First Tokenized Investment Fund

Introduction of Tokenized Fund: Franklin Templeton has launched Hong Kong's first tokenized money-market fund, the Franklin OnChain U.S. Government Money Fund, which utilizes blockchain technology to enhance transparency and ownership tracking for investors.

HKMA's Fintech 2030 Strategy: The Hong Kong Monetary Authority has initiated its Fintech 2023 Strategy, aiming to modernize financial infrastructure and promote a tokenization ecosystem, with the Franklin fund being the first project under this plan.

Global Blockchain Collaboration: The HKMA is expanding its blockchain initiatives globally, collaborating with central banks in Brazil and Thailand to facilitate cross-border trade, while Franklin Templeton partners with HSBC and OSL Group to test tokenized deposits.

Focus on Innovation and Stability: The HKMA's blueprint emphasizes strengthening cybersecurity, developing AI infrastructure, and ensuring that innovation in fintech aligns with investor protection and financial stability, marking a new era for Hong Kong as a global fintech hub.