[Franklin Templeton Launches USD-Denominated Tokenized Money Market Fund in Hong Kong, Open to Professional Investors] Odaily Planet Daily News: Global asset management giant Franklin Templeton has announced the launch of a USD-denominated tokenized money market fund in Hong Kong—Franklin OnChain U.S. Government Money Fund—targeted at professional and institutional investors. The fund utilizes Franklin Templeton's proprietary blockchain-based accounting system and is the first asset management product in Hong Kong to achieve full-process on-chain issuance, distribution, and servicing. Registered in Luxembourg, the fund aims to achieve returns and capital preservation through investments in short-term U.S. Treasury securities. Tariq Ahmad, Franklin Templeton's Head of Asia-Pacific, stated that the company plans to launch tokenized funds for retail investors upon receiving approval from the Hong Kong Securities and Futures Commission (SFC). Brian Chen, Head of Wealth Management at OSL, remarked that Hong Kong is becoming a trusted global hub for digital assets. This issuance follows the launch of China Asset Management (Hong Kong)'s first tokenized fund, the ChinaAMC HKD Digital Money Market Fund, in February this year, further advancing Hong Kong's institutional exploration in the asset tokenization (RWA) space. (Cointelegraph)