Franklin Templeton and HashKey expand access in Asia to a tokenized U.S. government money market fund

Franklin Templeton said it expanded access in Asia to a tokenized U.S. government money market fund via a new distribution partnership with Hong Kong-licensed HashKey Exchange, with HashKey reporting the addition on Aug. 24 ^[1].

HashKey’s reporting described the product as Franklin Templeton’s OnChain U.S. Government Liquidity Fund, distributed through HashKey Exchange as a tokenized offering in the region ^[2].

Blockonomi reported that HashKey launched the grBENJI fund through its Earn channel for professional investors in Hong Kong, and that the fund mainly invests in short-term U.S. government securities, repurchase agreements, and U.S. dollar cash ^[3].

Blockonomi also said each fund share is represented by one BENJI token, while Franklin Templeton maintains the official shareholder record ^[3].

Bitcoin.com News reported that Franklin Templeton brought a tokenized BENJI product into ETFs and mutual funds ^[4].