Franklin Templeton brings tokenized US government fund to HashKey

Franklin Templeton has expanded access to its tokenized U.S. government money market fund in Asia through a new distribution partnership with Hong Kong-licensed HashKey Exchange. Summary Franklin Templeton has partnered with HashKey Exchange to distribute its tokenized U.S. government liquidity fund. The fund is available through HashKey Exchange’s Earn channel to professional investors in Hong Kong. The product mainly invests in U.S. government money market instruments and U.S. dollar cash assets. Franklin Templeton and HashKey plan to explore additional tokenized products across multiple markets. HashKey Holdings said on Aug. 24 that its licensed trading platform has added the Franklin OnChain U.S. Government Liquidity Fund, known as grBENJI, to the HashKey Exchange Earn channel, giving eligible digital asset investors access to the product through blockchain-based infrastructure. The fund invests mainly in U.S. government money market instruments and U.S. dollar cash assets. Access in Hong Kong is restricted to professional investors, and the product cannot be offered to the general public, according to HashKey. The arrangement gives Franklin Templeton another distribution chann...