Franklin Templeton has recently received regulatory approval from the Monetary Authority of Singapore to launch its first tokenized fund in the country. According to a report by Tech in Asia, this fund will be accessible to retail investors with a minimum investment of just $20, marking a significant milestone as the first tokenized fund of its kind available to Singapore’s retail market.
The U.S.-based global investment management firm is now preparing to introduce this innovative offering following the green light from Singapore’s financial regulator.
Shares of the tokenized fund will be issued and managed through Franklin Templeton’s blockchain-enabled transfer agency platform. While the report did not provide an exact launch date, it identified the fund as the Franklin On-Chain U.S. Dollar Short-Term Money Market Fund.
Focusing on retail investors, the company’s decision to set a minimum investment of $20 reflects a broader strategy to democratize access to investment opportunities by making them more affordable and accessible to a wider audience.
The fund is expected to launch within the next few months. Franklin Templeton has also expressed its ongoing commitment to exploring blockchain and tokenization technologies in asset management to meet the growing investor demand for innovative financial products.
Supporting this trend, a joint report by Ripple (XRP) and Boston Consulting Group projects that the global asset tokenization market could surge to $18.9 trillion by 2033. Currently, the demand for tokenized assets stands at around $600 billion in 2025, highlighting rapid growth potential.
Expanding its footprint in the crypto space, Franklin Templeton has also filed for an exchange-traded fund (ETF) designed to track the spot price of XRP. This move underscores the firm’s increasing interest in cryptocurrencies beyond Bitcoin and reflects a growing institutional appetite for diverse digital assets. The ETF filing details the structure, risks, and regulatory considerations, including the inherent volatility of cryptocurrencies.
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