Hong Kong regulated crypto exchange Hashkey has teamed up with financial giant Franklin Templeton to distribute its flagship tokenized money market fund, Franklin OnChain U.S. Government Liquidity Fund (grBENJI), to digital asset investors in Asia.
The move reflects growing institutional demand for yield-generating instruments backed by real-world assets on regulated digital platforms. Tokenized U.S. Treasury and money market funds have grown 1,500% to $15 billion in the last two years, according to data source rwa.xyz
GrBENJI is designed to provide professional investors with access to a tokenized fund investing mainly in U.S. government money market products and U.S. dollar cash assets on the blockchain, Hashkey said in a statement released on Monday.
Franklin Templeton manages $1.8 trillion in assets globally across more than 35 countries. The fund uses blockchain infrastructure to provide investors with exposure to traditional money market instruments through a tokenized wrapper, or a blockchain-based token that represents a claim on the underlying asset.
The listing is the latest in a series of real-world asset partnerships for HashKey, which holds Type 1 and Type 7 licenses from Hong Kong's Securities and Futures Commission, permitting it to trade securities on clients' behalf and to run an automated trading service.
Hong Kong’s largest exchange last week announced it would kick off cross-border trade stablecoin transactions with the UAE and the wider Middle East region using one of the two regulated Hong Kong digital dollars, HKDAP.
Both companies said they plan to expand beyond money market funds into other tokenized products over time.