Franklin Templeton brings tokenized US money fund to Asia as market hits $15 billion

A new tokenized US money fund is heading to Asia, and the deal behind it says a lot about how fast traditional finance is warming up to blockchain-based products. Franklin Templeton and HashKey have agreed to distribute the asset manager’s flagship on-chain product, the Franklin OnChain U.S. Government Liquidity Fund (grBENJI), to digital asset investors across the region. It’s a partnership that pairs one of the world’s largest fund managers with a regulated crypto exchange, at a moment when demand for yield-bearing, blockchain-based versions of ordinary government debt products is climbing fast.

Key takeaways

• Franklin Templeton and HashKey will jointly distribute the grBENJI tokenized fund to professional investors in Asia.
• The fund gives investors blockchain-based exposure to US government money market instruments and dollar cash assets.
• Tokenized US Treasury and money market funds have surged 1,500% to $15 billion in just two years, according to rwa.xyz.
• HashKey operates under Type 1 and Type 7 licenses from Hong Kong’s Securities and Futures Commission.
• Franklin Templeton manages $1.8 trillion in assets across more than 35 countries.

Partnership Launches Tokenized US Money Market Fund in Asia

The core of this deal is simple: a globally recognized fund manager is putting a tokenized US money fund directly in front of digital asset investors through a licensed Hong Kong exchange. HashKey said in a statement that grBENJI is built for professional investors seeking exposure to a fund that invests mainly in US government money market products and dollar cash assets, all represented on-chain.

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