Franklin Templeton and HashKey Launch U.S. Tokenized Money Fund in Asia

TL;DR

• Franklin Templeton and HashKey launched grBENJI for professional investors in Asia, providing blockchain-based access to U.S. government money market instruments and dollar cash assets.
• Franklin Templeton manages about $1.8 trillion globally, while HashKey’s Hong Kong licenses support regulated distribution through its Earn channel for eligible investors.
• Tokenized real-world assets reached $38.2 billion by August 23, including $15.6 billion in tokenized U.S. Treasury debt, as both firms plan broader tokenized products.

Franklin Templeton and HashKey Exchange are expanding tokenized finance in Asia by bringing the Franklin OnChain U.S. Government Liquidity Fund, known as grBENJI, to professional digital asset investors. The fund mainly invests in U.S. government money market instruments and dollar-denominated cash assets while using blockchain infrastructure as its investment wrapper. The notable shift is that a traditional money market strategy is being delivered directly through a regulated digital asset platform. HashKey has placed the product in its Earn channel, but access remains limited to professional investors rather than the general Hong Kong public in Asia.

… Continue reading the full article at the original source below.