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