According to The Block, Franklin Templeton has partnered with Hong Kong’s HashKey Exchange to launch the Franklin OnChain U.S. Government Liquidity Fund on its Earn channel, offering tokenized money market fund products to professional investors in Asia. The fund primarily invests in U.S. government money market instruments and U.S. dollar cash assets and is currently not available to Hong Kong retail investors. Franklin Templeton stated that the two parties plan to expand their collaboration beyond tokenized money market funds to include a broader range of tokenized products, leveraging HashKey’s multi-jurisdictional platform covering Hong Kong, Singapore, Tokyo, Dubai, and Bermuda for distribution. Previously, the firm launched Hong Kong’s first tokenized money market fund in November 2025. Data shows that as of August 23, the total value of global RWA tokenized assets reached $38.2 billion, with tokenized U.S. Treasuries accounting for approximately $15.6 billion.
Franklin Templeton and HashKey Launch Tokenized Money Market Fund in Asia
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Summary
Franklin Templeton and HashKey have launched the Franklin OnChain U.S. Government Liquidity Fund on HashKey’s Earn channel, marking a new token launch event in Asia. The fund targets institutional investors and focuses on U.S. government money market instruments and dollar cash assets. It is not available to retail investors in Hong Kong. The partnership plans to expand into additional tokenized products across HashKey’s platform in Hong Kong, Singapore, Tokyo, Dubai, and Bermuda. Franklin Templeton previously launched a tokenized money market fund in Hong Kong in November 2025. As of August 23, global RWA tokenized assets reached $38.2 billion, with tokenized U.S. Treasuries at $15.6 billion. This development adds to the latest market news in tokenized finance.
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