Franklin Templeton and Hashkey roll out U.S. tokenized money fund in Asia
Franklin Templeton and HashKey have launched a tokenized U.S. money market fund in Asia, allowing professional investors to access real-world assets via blockchain. This move highlights the growing institutional demand for regulated digital financial instruments.
Why it matters
The integration of traditional finance with blockchain technology represents a significant shift in how global assets are managed and traded.
The move reflects growing institutional demand for yield-generating instruments backed by real-world assets on regulated digital platforms. Tokenized U.S. Treasury and money market funds have grown 1,500% to $15 billion in the last two years, according to data source rwa.xyz
GrBENJI is designed to provide professional investors with access to a tokenized fund investing mainly in U.S. government money market products and U.S. dollar cash assets on the blockchain, Hashkey said in a statement released on Monday .
Franklin Templeton manages $1.8 trillion in assets globally across more than 35 countries. The fund uses blockchain infrastructure to provide investors with exposure to traditional money market instruments through a tokenized wrapper, or a blockchain-based token that represents a claim on the underlying asset.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in