DBS and Franklin Templeton Launch Singapore’s First Tokenised Retail Fund

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 retail rollout expected in early 2026. Tokenisation enables fractional ownership, faster record-keeping, and near real-time transparency while maintaining traditional money-market characteristics. Powered by Franklin’s Benji platform, the on-chain fund aligns with MAS’s Project Guardian, promoting blockchain-enabled liquidity and efficiency for investors.