Franklin Templeton's Tokenized Treasury Fund Lands on HashKey
Franklin Templeton has expanded the distribution of its Franklin OnChain U.S. Government Liquidity Fund (BENJI) by listing it on the Hong Kong-based HashKey Exchange. This integration allows professional investors on the platform to access a blockchain-wrapped pool of U.S. government debt and cash assets. Originally launched in 2021, the fund holds the distinction of being the first U.S.-registered mutual fund to utilize a public blockchain for recording share ownership. The move reflects a broader institutional strategy to meet demand for compliant, real-world asset yields across global markets including Singapore, Tokyo, Dubai, and Bermuda. Franklin Templeton is actively diversifying its digital asset footprint through strategic collaborations with entities like Kraken, Binance, DigiFT, and MoonPay. Furthermore, the firm is exploring on-chain corporate finance, recently utilizing BENJI tokens to facilitate the acquisition of 250 Digital. This expansion underscores the growing trend of traditional asset managers leveraging blockchain infrastructure to modernize fund distribution and settlement.
- ▸Franklin Templeton listed its BENJI tokenized money market fund on HashKey Exchange.
- ▸The fund tracks U.S. Treasury yields and maintains a net asset value of $1.00.
- ▸Franklin Templeton manages $1.8 trillion and has integrated BENJI across multiple blockchains.
- ▸The product is restricted to professional investors and is not available to the public.
Franklin Templeton is a global investment firm that pioneered the use of public blockchains for traditional mutual funds. The Franklin OnChain U.S. Government Liquidity Fund operates by tokenizing shares of a money market fund, allowing investors to hold and transfer ownership via blockchain ledgers while maintaining exposure to U.S. government securities.