Franklin Announces Launch of Hong Kong's First Tokenized Fund
BlockBeats News, November 6th, according to TheBlock report, Franklin Templeton announced the launch of Hong Kong's first tokenized fund, in sync with the Hong Kong government's five-year fintech strategy announced this week, aiming to embed artificial intelligence and blockchain technology across the entire financial industry. The fund is registered in Luxembourg, backed by short-term US government bonds, and issues digital tokens representing investor shares through blockchain technology.
Franklin Templeton is one of the world's first companies to launch a tokenized money market fund. Its flagship product, FOBXX, was launched in 2021 and is the first money market fund in the United States to use public blockchain, supporting 24/7 trading and settlement. It recently opened support for purchasing and redeeming using USDC, enabling seamless on-chain/off-chain conversion. As of November 2025, its size is approximately $410 million, making it the second-largest tokenized fund in the market, second only to BUIDL under BlackRock.
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