Hong Kong · Singapore · The Block
Franklin Templeton joins forces with HashKey to offer tokenized money market fund in Asia
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Franklin Templeton has partnered with Hong Kong's HashKey Exchange to distribute its tokenized money market fund, further expanding the global asset manager's presence in Asia.
Key facts
- Total RWA value reached $38.2 billion as of Aug. 23, up from $20.6 billion a year ago, according to RWA.xyz data
- In November 2025, it debuted Hong Kong's first tokenized money-market fund, the Franklin OnChain U.S. Government Money Fund
- The team look forward to deepening this partnership by expanding beyond tokenized money market funds into other tokenized products over time, leveraging HashKey's multi-jurisdictional platform spanning
- Franklin Templeton has partnered with Hong Kong's HashKey Exchange to distribute its tokenized money market fund, further expanding the global asset manager's presence in Asia
Summary
In a Monday statement, HashKey said it has launched the Franklin OnChain U.S. Government Liquidity Fund on the platform's Earn channel. The tokenized fund is only available to professional investors and is not open for the general public in Hong Kong. "We look forward to deepening this partnership by expanding beyond tokenized money market funds into other tokenized products over time, leveraging HashKey's multi-jurisdictional platform spanning Hong Kong, Singapore, Tokyo, Dubai and Bermuda," said Chetan Karkhanis, Franklin Templeton's SVP of digital assets client engagement. Franklin Templeton has been making efforts to expand in Asia.