Franklin Templeton Token Fund Lands on HashKey

The update

Franklin Templeton, managing $1.8 trillion in assets, has begun distributing its tokenized money market fund through HashKey Exchange’s Earn channel. The Franklin OnChain U.S. Government Liquidity Fund, traded as grBENJI, invests primarily in U.S. government money market instruments and dollar cash assets. The product is restricted to professional investors, with no offering to the public in Hong Kong.

Why it matters

This represents a significant step in institutional adoption of blockchain technology for traditional financial products. The availability of tokenized treasury funds on a Hong Kong exchange bridges traditional finance with digital assets, potentially increasing liquidity and accessibility for institutional investors seeking compliant real-world asset yield. Tokenized U.S. treasury and money market funds are one of the fastest-growing segments in digital asset markets.

What to watch

Will other major asset managers follow Franklin Templeton’s lead in expanding tokenized products? How will this impact Hong Kong’s position as a crypto hub? What regulatory developments might emerge as tokenized traditional assets gain traction? The fund’s expansion plans beyond money market products into other tokenized assets should also be monitored.

Sources

• decrypt.co — confirming Franklin Templeton's tokenized fund launch on HashKey Exchange
• coindesk.com — providing context about tokenized U.S. treasury funds as a fast-growing segment