Franklin Templeton's Tokenized Treasury Fund Lands on HashKey
In brief HashKey Exchange has begun distributing Franklin Templeton's tokenized money market fund, grBENJI, through its Earn channel. The fund holds U.S.
Why It Matters
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Key Facts
- Fact 1: Franklin Templeton manages $1.8 trillion in assets and has run a tokenized version of the fund since 2021, when it became the first U.S.-registered mutual fund to use a public blockchain to record share ownership.
- Fact 2: RWA.xyz currently lists the BENJI token yielding around 3.6% over seven and 30 days at a net asset value of $1.00, with just over 1,100 holders, though published figures for the fund's size vary considerably depending on whether a single token or the whole suite is counted.
- Fact 3: The firm has also built out a dedicated crypto arm alongside the distribution push, launching Franklin Crypto through its acquisition of CoinFund spinoff 250 Digital, which completed in June.
In brief HashKey Exchange has begun distributing Franklin Templeton's tokenized money market fund, grBENJI, through its Earn channel. The fund holds U.S.
government money market instruments and dollar cash, with returns tracking short-term Treasury yields. The product is restricted to professional investors, with no offering to the public in Hong Kong. Franklin Templeton has begun distributing its tokenized money market fund through HashKey Exchange, giving the Hong Kong platform's clients access to a blockchain-wrapped pool of U.S.
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Original source: Decrypt
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