Franklin Templeton, HashKey Launch US Tokenized Money Fund in Asia

Franklin Templeton and HashKey have joined forces to launch a U.S. tokenized money fund in Asia.

The new fund, which is designed for institutional investors, will offer a secure and efficient way to invest in the digital assets market.

This development follows Franklin Templeton's recent win with the SEC, which granted it permission to invest cash in its own tokenized money market fund.

HashKey Exchange, another key player in this collaboration, has received JPMorgan approval to open a client money account supporting customer fund segregation and settlement through the bank's infrastructure for regulated crypto.