“Accredited investors in Hong Kong have access to the US dollar, Luxembourg-registered, tokenized UCITS money-market product.”, — write: www.coindesk.com
The Franklin OnChain US Government Money Fund invests in short-term US government securities, with shares represented as tokens. Franklin Templeton says the structure allows faster transactions, better transparency and lower costs than traditional fund structures.
The move builds on the firm’s role in Hong Kong’s Project Ensemble, a Hong Kong Monetary Authority initiative exploring tokenized finance. It also helps strengthen the city as a growing hub for institutional digital assets.
“This launch shows our commitment to expanding tokenized investment products in Asia,” said Tariq Ahmad, Franklin Templeton’s head of APAC.
In partnership with HSBC, one of the world’s largest banks, and OSL, a Hong Kong-based cryptocurrency exchange, Franklin Templeton tested how the fund token, gBENJI, could deliver yield onchain and interact with HSBC’s tokenized deposits to enable around-the-clock settlement and smoother investor operations.
The Luxembourg-registered fund uses a proprietary blockchain recordkeeping system to issue, distribute and service fund shares directly onchain. It is registered under the European Union’s Undertakings for Collective Investment in Transferable Securities regulations. UCITS regulates investment funds to provide a high level of investor protection and create a single, harmonized market for these funds across EU member states.
Franklin Templeton has been active in blockchain finance since 2018, launching several tokenized funds and developing its Benji Technology Platform, which underpins the new Hong Kong product.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
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Privacy coins are outperforming as traders turn away from ETFs and transparent ledgers, reviving crypto’s oldest idea: digital cash that can move freely, without surveillance.
- Zcash has surged more than 700% since late September, overtaking Monero to become the top privacy coin by market capitalization.
- Around one-quarter of ZEC’s circulating supply now sits in shielded addresses, with roughly a third of transactions touching its encrypted pool, per CoinDesk Research.
- The renewed focus on privacy follows a broader regulatory reckoning — from the Tornado Cash trials to OFAC’s delisting of the protocol — that’s redefining where the legal line for financial anonymity sits.
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