DBS and Franklin Templeton have jointly launched Singapore’s first tokenised retail fund, advancing efforts to mainstream digital finance. The Franklin Onchain US Dollar Short-Term Money Market Fund, a USD-denominated strategy recorded on a blockchain register, has been approved by the Monetary Authority of Singapore as an authorised scheme. Available via DBS relationship managers to wealth clients and accredited investors, the fund has a USD20 minimum investment, with a reta

Franklin Templeton has launched Hong Kong’s first Luxembourg-registered tokenised fund, marking a milestone in the city’s Fintech 2030 blueprint. The Franklin OnChain US Government Money Fund, which invests in US government securities, will be offered to institutional and professional investors with at least HKD8m (USD1m) in assets. The initiative brings tokenisation—blockchain-based representations of traditional assets—into Hong Kong’s regulated wealth market, improving set

Global family offices in Hong Kong gathered at the sixth World Family Office Forum | Asia, which opened on 9 October at the Ritz-Carlton Hong Kong. The two-day event, hosted by Connect Group, convened family principals, office leaders, and investors for closed-door discussions on wealth, governance, and innovation. The forum focuses on multigenerational succession, global investment trends, venture capital, digital assets, and impact investing. Sessions also explore cybersecu

Hong Kong family office incentives are being expanded as the city steps up its efforts to attract global wealth and strengthen its financial ecosystem. Financial Services Secretary Christopher Hui announced that new legislation will be introduced next year to extend tax concessions to carbon credits and digital assets, while also expanding eligible investments to private credit. Hong Kong aims to help 220 family offices establish or expand operations between 2026 and 2028, su

Fasset Islamic crypto bank has received regulatory approval from Malaysia’s Labuan FSA, becoming the world’s first Shariah-compliant digital bank powered by stablecoins. The UAE-based fintech will expand from digital asset services to full-scale on-chain banking through its superapp, offering zero-interest accounts and access to US stocks, gold, and cryptocurrencies. With over 500,000 users across 125 countries, the platform currently handles USD6bn in annualised volume and a

Hong Kong’s wealth management hub continues to strengthen as it leverages deep financial ties with mainland China and benefits from...

The Hong Kong Monetary Authority (HKMA) is preparing to introduce Hong Kong stablecoin regulations to address fraud and market...