Franklin Templeton partners with HashKey to distribute its tokenized U.S. money market fund to professional investors in Asia.
RWA & Tokenization ·
Franklin Templeton has entered into a partnership with HashKey to make its tokenized U.S. government money market fund available to professional investors across Asia. The move expands access to the fund through HashKey's platform, bringing blockchain-based yield products to institutional clients in the region.
Tokenized money market funds represent regulated portfolios of short-duration assets—chiefly Treasury bills and repurchase agreements—converted into digital tokens on blockchain networks. Unlike traditional fund structures that track ownership only in administrative ledgers, tokenization mints blockchain tokens representing one-to-one mapping to underlying shares. Current implementations typically restrict token holders to wallets that have passed know-your-customer checks and accreditation verifications, maintaining regulatory compliance while leveraging public or permissioned blockchain infrastructure.
The partnership underscores a broader institutional shift toward onchain yield products. Details regarding fund size, specific terms, or redemption mechanics remain unclear from available reporting. Multiple outlets have covered the arrangement, though reporting specifics on implementation timelines and professional investor criteria have not been uniformly detailed.