Key Takeaways
- • Franklin Templeton launched its flagship Franklin OnChain U.S. Government Liquidity Fund (grBENJI), a $720 million tokenized money market fund, on HashKey Exchange's Earn Channel on August 24, 2026, marking the asset manager's expansion into regulated Asian digital asset markets.
- • The collaboration provides eligible institutional and professional digital asset investors in Asia direct access to U.S. government money market instruments and dollar cash assets via blockchain-enabled infrastructure, addressing growing demand for yield-generating instruments backed by real-world assets.
- • HashKey Exchange, a licensed trading platform operated by Hong Kong-listed HashKey Holdings Limited (3887.HK), strengthens its Earn ecosystem through partnership with an established global asset manager, creating a compliant gateway for tokenized financial products.
- • The partnership combines Franklin Templeton's decades of global investment expertise with HashKey's regulated digital asset infrastructure, establishing a scalable model for institutional distribution of tokenized products across Asia with potential expansion into Singapore, Tokyo, Dubai, and Bermuda.
Summary
Franklin Templeton, a global asset management giant, has entered Asia's regulated digital asset markets through a strategic partnership with HashKey Exchange, the licensed trading platform of Hong Kong-listed HashKey Holdings Limited. On August 24, 2026, the two firms launched the Franklin OnChain U.S. Government Liquidity Fund (grBENJI), a $720 million tokenized money market fund, on HashKey's Earn Channel. This collaboration represents a significant milestone in bridging traditional financial markets with compliant blockchain-based infrastructure.
The grBENJI fund provides eligible digital asset investors—both institutional and professional—with access to a diversified portfolio of U.S. government money market instruments and U.S. dollar cash assets through tokenized blockchain infrastructure. The launch addresses a material market need: as the digital asset ecosystem matures, institutional participants increasingly seek yield-generating instruments backed by tangible, real-world assets rather than speculative cryptocurrency holdings. This fund directly answers that demand by offering government-backed liquidity products on-chain.
For Franklin Templeton, the partnership extends the reach of its tokenized fund solutions into Asia's growing regulated digital asset markets, complementing its existing on-chain offerings. For HashKey Exchange, the collaboration deepens its Earn product ecosystem by introducing regulated, institutional-grade investment products from an established global asset manager, enhancing the platform's credibility and appeal to sophisticated investors.
The partnership is structured to create a compliant and scalable distribution model combining Franklin Templeton's investment management expertise with HashKey's regulatory infrastructure and market access. According to available reporting, the collaboration aims to expand into additional tokenized products across key regional hubs including Singapore, Tokyo, Dubai, and Bermuda, signaling an intentional strategy to scale blockchain-based financial services across multiple jurisdictions with established regulatory frameworks.
The grBENJI fund provides eligible digital asset investors—both institutional and professional—with access to a diversified portfolio of U.S. government money market instruments and U.S. dollar cash assets through tokenized blockchain infrastructure. The launch addresses a material market need: as the digital asset ecosystem matures, institutional participants increasingly seek yield-generating instruments backed by tangible, real-world assets rather than speculative cryptocurrency holdings. This fund directly answers that demand by offering government-backed liquidity products on-chain.
For Franklin Templeton, the partnership extends the reach of its tokenized fund solutions into Asia's growing regulated digital asset markets, complementing its existing on-chain offerings. For HashKey Exchange, the collaboration deepens its Earn product ecosystem by introducing regulated, institutional-grade investment products from an established global asset manager, enhancing the platform's credibility and appeal to sophisticated investors.
The partnership is structured to create a compliant and scalable distribution model combining Franklin Templeton's investment management expertise with HashKey's regulatory infrastructure and market access. According to available reporting, the collaboration aims to expand into additional tokenized products across key regional hubs including Singapore, Tokyo, Dubai, and Bermuda, signaling an intentional strategy to scale blockchain-based financial services across multiple jurisdictions with established regulatory frameworks.
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