Franklin Templeton, the $1.8 trillion asset manager, has listed its tokenized treasury fund on HashKey, a Hong Kong exchange. The onchain money market fund is now available through HashKey's Earn channel, putting a digital version of a traditional cash product in front of the exchange's users.
An onchain money market fund
The fund is a tokenized treasury fund, meaning it represents a money market portfolio built on blockchain rails. Investors who buy in get tokenized units backed by short-term government securities and similar instruments, with the whole thing managed by Franklin Templeton's team.
Tokenized treasury funds have become a fixture in crypto's push to bridge traditional finance and decentralized systems. This one is now live on a platform that serves Hong Kong traders, marking another step in the asset manager's digital asset push.
HashKey's Earn channel
HashKey, a Hong Kong-based exchange, offers the fund through its Earn channel, which is the section of the platform where users can put idle holdings to work. The listing gives the fund a new distribution point in Asia, expanding beyond the venues where Franklin Templeton's tokenized products already trade.
Details about the fund's yield or the exact token ticker weren't disclosed in the announcement. The exchange simply said the product is now accessible on that channel.
The asset manager's move into crypto
Franklin Templeton has been building out its blockchain-adjacent offerings for a while. The firm's $1.8 trillion in assets under management gives it heft when it enters a market, and this listing fits into a broader pattern of traditional asset managers testing tokenized versions of mainstream funds.
HashKey's platform is a regulated exchange in Hong Kong, which adds a compliance layer to the listing. For now, the tokenized treasury fund sits on its Earn channel, ready for users who want to hold cash equivalents in token form.
The fund's availability on HashKey could bring it to a new set of investors, though it's too early to say how much interest it'll draw. What's clear is that the product is out there now, and HashKey users can find it under Earn.
