The launch marks Franklin Templeton’s newest step into digital belongings, introducing a blockchain-based UCITS fund as Hong Kong accelerates its push towards real-world asset tokenization.
Franklin Templeton has launched a tokenized US greenback cash market fund for skilled traders in Hong Kong, increasing its crypto choices in Asia.
In response to a press release shared with Cointelegraph on Wednesday, the Franklin OnChain U.S. Authorities Cash Fund is the primary end-to-end tokenized construction by an asset supervisor to combine issuance, distribution and servicing instantly onchain in Hong Kong.
The tokenized fund might be initially obtainable solely to institutional {and professional} traders. It’s registered in Luxembourg beneath a regulated framework that permits funding funds to be bought throughout the European Union.
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