Overview
- The Franklin OnChain U.S. Government Money Fund is available to institutional and professional investors in Hong Kong with at least HK$8 million in assets.
- The product is structured as a Luxembourg UCITS fund and invests in short‑term U.S. Treasury securities to preserve capital and generate income.
- Franklin Templeton uses its proprietary Benji technology for on‑chain recordkeeping and is working with HSBC and OSL as distribution and infrastructure partners.
- The launch is presented as an initial project under the HKMA’s Fintech 2030 strategy and aligns with Project Ensemble’s tokenization and settlement testing.
- The firm says a retail‑approved tokenized fund is planned, pending authorization from Hong Kong’s Securities and Futures Commission.