Franklin Templeton Launches Singapore’s First Tokenized Retail Fund

Global asset management firm Franklin Templeton has secured regulatory approval from the Monetary Authority of Singapore (MAS) to roll out the Franklin OnChain U.S. Dollar Short-Term Money Market Fund, marking the first tokenized fund available to retail investors in the country. The fund will be issued through Franklin Templeton’s proprietary blockchain-integrated transfer agency platform, allowing retail investors to access high-quality money market instruments via tokenized shares. The fund is structured under Franklin Templeton Investments VCC, a Variable Capital Company incorporated in August 2024. Accessible, Digital, and Dollar-Denominated With a minimum investment of just US$20, the fund aims to democratize access to short-term USD money market instruments. Its investment strategy closely mirrors that of the $1.76 billion Luxembourg-registered Franklin U.S. Dollar Short-Term Money Market Fund, focusing on high-quality, short-duration USD-denominated securities issued by global governments and corporations. The fund minimizes currency risk and is managed by Templeton Asset Management Ltd, with Franklin Advisers Inc serving as the sub-manager. A Leader in Tokenized Finance Franklin Templeton has been a pioneer in digital asset integration since 2018. The firm is actively participating in Project Guardian, an MAS-led initiative exploring asset tokenization for improved market liquidity and infrastructure efficiency. This isn’t the firm’s first foray into tokenized funds. In 2021, Franklin Templeton launched the first U.S.-registered mutual fund to leverage a public blockchain for transaction processing and share ownership tracking. Key Highlights: Regulator: MAS (Singapore) Fund Type: Tokenized money market fund Minimum Investment: US$20 Structure: Variable Capital Company (VCC) Distribution Platform: Blockchain-integrated transfer agency Management: Templeton Asset Management Ltd (Manager), Franklin Advisers Inc (Sub-manager) This latest move further cements Franklin Templeton’s leadership in bringing blockchain-based investment solutions to traditional financial markets. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/franklin-templeton-launches-singapores-first-tokenized-retail-fund/