Franklin OnChain U.S. Government Money Fund (HK Distribution)

In November 2025 Franklin Templeton launched a tokenised U.S. government money market fund for the Hong Kong market — reported as the first Luxembourg-registered tokenised money market fund offered in the city. The product is distributed to professional and institutional investors only (minimum subscription of roughly US$1 million) and had not received SFC retail authorisation at the time of writing.

The fund invests primarily in U.S. government securities and cash equivalents, with shares represented as on-chain tokens. It was brought to market through HSBC and OSL under the HKMA's Project Ensemble framework. AUM and yield figures are not independently verified and are marked null; this entry is based on secondary reporting pending a primary disclosure.