Franklin Templeton Token Fund Lands on HashKey
Traditional finance giant enters crypto through tokenized U.S. government debt fund on Hong Kong platform.
The update
Franklin Templeton has begun distributing its tokenized money market fund through HashKey Exchange’s Earn channel. The Franklin OnChain U.S. Government Liquidity Fund (grBENJI) invests in U.S. government money market instruments and dollar cash assets, with returns tracking short-term Treasury yields. The product is restricted to professional investors and is not available to the public in Hong Kong.
Why it matters
This move represents a significant bridge between traditional finance and digital assets, with a $1.8 trillion asset manager bringing established financial products to blockchain infrastructure. The listing addresses institutional demand for compliant real-world asset yield in digital form, potentially accelerating adoption of tokenized assets in mainstream finance.
What to watch
Monitor how Franklin Templeton expands beyond money market funds into other tokenized products across Hong Kong, Singapore, Tokyo, Dubai and Bermuda. Watch for potential integration with other exchanges like Kraken, where BENJI will serve as collateral and cash management tool for institutional clients.
Sources
- decrypt.co — Details about Franklin Templeton's tokenized fund and its availability on HashKey
- coindesk.com — Context about tokenized U.S. treasury funds as a growing segment in digital asset markets