Franklin announces the launch of Hong Kong's first tokenized fund

BlockBeats news, November 6, according to TheBlock, Franklin Templeton has 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 throughout the financial industry. The fund is registered in Luxembourg, backed by short-term US Treasury bonds, and issues digital tokens representing investor shares through blockchain technology.

Franklin Templeton is one of the world's first companies to launch tokenized money market funds. Its flagship product, FOBXX, was launched in 2021 and is the first US money market fund to use a public blockchain, supporting 24/7 trading and settlement. It recently opened support for purchasing and redeeming with USDC, enabling seamless on-chain and off-chain conversion. As of November 2025, its size is about $410 million, making it the second-largest tokenized fund on the market, second only to BlackRock's BUIDL.