Singapore Greenlights Franklin Templeton’s Pioneering Retail Tokenized Fund
Franklin Templeton secures regulatory approval from Singapore’s Monetary Authority (MAS) to offer its blockchain-based money market fund to retail investors. The Franklin OnChain U.S. Dollar Short-Term Money Market Fund, operating under the firm’s VCC structure, leverages distributed ledger technology for share distribution.
With a minimum investment threshold of just $20, the fund democratizes access to institutional-grade short-term debt instruments. Its strategy mirrors the $1.76 billion Luxembourg-domiciled counterpart, focusing on high-quality USD-denominated government and corporate securities while mitigating currency risk.
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