The first Luxembourg-registered tokenised UCITS fund is now available to institutional and professional investors in Hong Kong.
Global investment manager Franklin Templeton announced the launch of the Franklin OnChain US Government Money Fund, a tokenised USD money market fund for professional investors in Hong Kong.
The fund represents the first Luxembourg-registered tokenised UCITS money market fund issued natively on blockchain, offering institutional and professional investors an innovative, yield-bearing solution. Leveraging Franklin Templeton’s proprietary blockchain-recordkeeping system, the fund provides investors with enhanced accessibility and operational efficiency while maintaining its objectives of capital preservation and liquidity.
The launch marks the first end-to-end tokenised solution, integrating blockchain-native issuance, distribution, and servicing within a single framework.
The firm has collaborated with HSBC and OSL to test the use of gBENJI, the token representation of the Franklin OnChain US Government Money Fund, within tokenised deposit and settlement environments. These trials demonstrated the potential for near-instant, 24/7 transactions and greater transparency across tokenised money market fund cycles.
Franklin Templeton’s Benji Technology Platform, developed in-house, powers the fund’s blockchain integration and serves as a white-label solution for banks and asset managers seeking to tokenise securities. The platform has already supported several landmark launches globally, including the first fully tokenised UCITS fund in Luxembourg in 2024 and the first retail tokenised fund in Singapore in 2025.
The introduction of the Franklin OnChain US Government Money Fund in Hong Kong marks another milestone in the evolution of digital asset investing, aligning with the city’s ambition to become a global hub for tokenisation and regulated digital finance.
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