BlockBeats News, November 6th, according to TheBlock report, Franklin Templeton announced the launch of Hong Kong’s first tokenized fund, in sync with the Hong Kong government’s five-year fintech strategy announced this week, aiming to embed artificial intelligence and blockchain technology across the entire financial industry. The fund is registered in Luxembourg, backed by short-term US government bonds, and issues digital tokens representing investor shares through blockchain technology.
Franklin Templeton is one of the world’s first companies to launch a tokenized money market fund. Its flagship product, FOBXX, was launched in 2021 and is the first money market fund in the United States to use public blockchain, supporting 24/7 trading and settlement. It recently opened support for purchasing and redeeming using USDC, enabling seamless on-chain/off-chain conversion. As of November 2025, its size is approximately $410 million, making it the second-largest tokenized fund in the market, second only to BUIDL under BlackRock.
