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

On 5 November 2025, during Hong Kong FinTech Week, Franklin Templeton launched a tokenised U.S. dollar government money market fund for the Hong Kong market — reported as the first Luxembourg-registered (UCITS) tokenised money market fund offered in the city, and the first project under the HKMA's Fintech 2030 strategy. Fund units are represented on-chain by the token gBENJI.

The product is offered to professional and institutional investors only, with an asset threshold of roughly HK$8 million (about US$1 million); a retail-approved version remains subject to SFC approval. It was brought to market through HSBC (tokenised-deposit settlement) and OSL (wealth distribution) under the HKMA's Project Ensemble framework. The fund invests primarily in U.S. government securities and cash equivalents. AUM and yield fluctuate daily and are left null. The fund vehicle is confirmed on Franklin Templeton's official Luxembourg fund page — the Franklin Templeton OnChain Funds SICAV (CSSF-authorised under the EU Money Market Fund Regulation), whose on-chain fund identifier grBENJI corresponds to the gBENJI token — alongside HKMA/SFC primary sources for the Project Ensemble regulatory framework; the Hong Kong launch itself is corroborated by multiple outlets reporting the issuer's statement.