Franklin Templeton Tokenizes US Government Liquidity Fund for Asian Investors via HashKey

• Franklin Templeton launched its tokenized U.S. Government Liquidity Fund, grBENJI, on HashKey Exchange.
• The fund is available to professional investors across Asia.
• It invests in U.S. government money market instruments and U.S. dollar cash assets.
• Franklin Templeton previously secured SEC clearance for tokenized assets within traditional investment funds.
• The partnership aims to expand offerings beyond money market funds.

Global asset manager Franklin Templeton has launched its tokenized U.S. Government Liquidity Fund, known as grBENJI, on the HashKey Exchange platform, making it accessible to digital asset investors across Asia. This initiative allows professional investors to gain exposure to U.S. government money market instruments and U.S. dollar cash assets through a blockchain-based offering.

The collaboration aims to enhance transparency, security, accessibility, speed, and cost efficiency for investors by leveraging distributed ledger technology. Franklin Templeton's Senior Vice President of digital assets client engagement, Chetan Karkhanis, highlighted the launch as a significant step in reaching HashKey's client base of digital asset-focused and institutional investors.

This move also bolsters HashKey's Earn ecosystem with regulated investment products and deepens its relationship with major global asset managers. Looking ahead, Franklin Templeton and HashKey plan to expand their collaboration to include other tokenized products beyond money market funds, utilizing HashKey's presence in multiple jurisdictions including Hong Kong, Singapore, Tokyo, Dubai, and Bermuda. Franklin Templeton has previously obtained SEC clearance to integrate tokenized assets into traditional investment funds, potentially allowing them to be held as collateral within ETFs and mutual funds. Franklin Templeton also used BENJI tokens as part of the payment for its acquisition of CoinFund spinoff 250 Digital.