Franklin Templeton Launches Tokenized USD Money Market Fund in Hong Kong

Launch of Tokenized Fund: Franklin Templeton has introduced a tokenized US dollar money market fund for professional investors in Hong Kong, marking the first end-to-end tokenized structure by an asset manager in the region.

Regulatory Framework: The fund is registered in Luxembourg and is designed for institutional investors, with plans to eventually offer a retail-approved version pending regulatory approval from the SFC.

Hong Kong as a Crypto Hub: The initiative highlights Hong Kong's emergence as a trusted center for digital assets, supported by a defined regulatory framework that encourages innovation in asset tokenization.

Future Developments: The Hong Kong Monetary Authority is actively exploring real-world asset tokenization through various projects, including the issuance of tokenized government bonds and the rollout of a stablecoin.