Franklin Templeton Brings Tokenized Treasury Fund to HashKey, Redefining Institutional Liquidity

Franklin Templeton has begun distributing its tokenized money‑market fund via HashKey Exchange, giving the Hong Kong‑based platform’s institutional clients blockchain‑wrapped access to U.S. Treasury liquidity.

A New Liquidity Channel on HashKey

HashKey’s Earn channel officially lists the Franklin OnChain U.S. Government Liquidity Fund (grBENJI) token, providing professional investors with a compliant real‑world asset (RWA) yield source.

■The fund invests primarily in U.S. government money‑market instruments and dollar cash assets.

■According to RWA.xyz, the BENJI token yields roughly 3.6% over 7‑ and 30‑day periods at a net asset value of $1.00.

■There are currently 1,100+ holders; total fund size varies depending on whether a single token or the entire suite is counted.

The Strategic Depth of Tokenization

Franklin Templeton pioneered blockchain‑based share registration in 2021, becoming the first U.S.‑registered mutual fund to do so, and now scales that experience onto the HashKey platform.

■The firm manages $1.8 trillion in assets globally.

■Tokenization was also used as part of the on‑chain M&A strategy when paying for the acquisition of 250 Digital.

Institutional Demand and Investor Profile

HashKey Exchange BG CEO Haiyang Ru emphasized that the listing meets “compliant real‑world asset yield” demand, while Franklin’s senior VP for digital assets Chetan Karkhanis outlined plans to expand beyond tokenized money‑market funds into tokenized equities and actively managed yield products.

■The product is available only to professional investors; it is not offered to the public in Hong Kong.

■Partnerships with Kraken, BNB Chain, DigiFT, and MoonPay Trade broaden the token’s liquidity and integration ecosystem.

Forward‑Looking Vision and Partnerships

Through HashKey, Franklin Templeton aims to reach markets across Asia‑Pacific, the Middle East, and Europe, enriching its tokenized product suite with collateral, cash‑management, and settlement solutions.

■Payward/Kraken collaboration will embed the BENJI token as collateral and cash‑management tooling.

■Binance integration adds liquidity on the BNB Chain.

■MoonPay Trade integration enables institutions to swap stablecoins directly into the fund.

Markets will accelerate the digitization of low‑volatility, high‑liquidity assets as tokenized Treasury funds lower access costs for institutional liquidity. Franklin Templeton’s move signals that blockchain‑based distribution channels are becoming mainstream for asset managers, especially those serving investors seeking stable returns. However, regulatory uncertainty could constrain broader adoption; swift development of compliant frameworks will be essential.