What to know:
- Franklin Templeton listed grBENJI on HashKey Earn for eligible investors across Asia.
- The tokenized fund invests mainly in U.S. government instruments and dollar cash assets.
- HashKey and Franklin Templeton plan to assess more tokenized products across markets.
Franklin Templeton has expanded regulated access to its tokenized U.S. government money market fund in Asia through HashKey Exchange. The Hong Kong-licensed platform added grBENJI to its Earn channel on Aug. 24 for eligible investors.
According to the report, the Franklin OnChain U.S. Government Liquidity Fund invests mainly in U.S. government money market instruments and U.S. dollar cash assets. Access is delivered through blockchain-based infrastructure.
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Who Can Access Franklin Templeton’s Tokenized Fund?
According to HashKey, the product is available only to professional investors in Hong Kong. It will not be launched through a public offering in the city.
Through the collaboration, Franklin Templeton has access to an avenue to distribute its tokenized products across Asia. HashKey, on the other hand, now has a money market offering for its Earn platform.
Chetan Karkhanis, SVP of digital assets client engagement, said that the listing broadens their capabilities. HashKey caters to digital-first banking platforms, wealth platforms, and established institutional clients.
Karkhanis noted that blockchain could help enhance transparency, security, accessibility, speed, and efficiency. The rollout of the listing is seen by Franklin Templeton as part of its digital assets strategy.
“We are excited to launch our tokenized money market fund on the HashKey Exchange platform,” Karkhanis said.
HashKey Exchange BG CEO Haiyang Ru said grBENJI addresses demand-compliant yield generation through tangible assets. He said the partnership connects traditional investment products with regulated on-chain technology infrastructure.
After the launch, both companies would examine other tokenized assets. The examination would include financial instruments from outside Hong Kong.
HashKey Expands Its Regulated Tokenized Securities Strategy
Franklin Templeton said future work could use HashKey’s operations in Hong Kong, Singapore, Tokyo, Dubai, and Bermuda. However, the announcement did not link a new product to any location.
HashKey has experience with regulated tokenized securities. In June 2025, HashKey Chain and GF Securities Hong Kong launched GF Token for qualified professional investors.
The product accrued interest daily and allowed daily redemptions. It was issued, recorded, and managed through HashKey Chain, with group units supporting distribution and custody.
The GF Token comprised versions denominated in U.S. dollars, Hong Kong dollars, and offshore renminbi. The U.S. dollar version was based on the Secured Overnight Financing Rate benchmark.
The grBENJI release is part of the expansion in the tokenized real-world asset market. RWA.xyz has estimated a value of about $38.2 billion of distributed assets as of Aug. 24, compared with $20.6 billion last year.
Franklin Templeton Holds $2.5B in Tokenized Treasuries
Tokenized U.S. Treasury products represented about $15.6 billion of that amount. Franklin Templeton was one of the leading providers of Treasury tokenization platforms monitored by the company.
The four products of the platform were worth around $2.5 billion. This made the company the fourth-largest in the ranking of platforms after Circle, Securitize, and Ondo.
Franklin Templeton managed $1.80 trillion in assets as of July 31, 2026. The company operated in more than 35 countries.
HashKey holds Hong Kong licenses for securities dealing and automated trading. It does not operate in mainland China, the United States, and some other jurisdictions.
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