Franklin Templeton and DBS Bank have partnered to launch Singapore’s first tokenized money market fund, the Franklin Onchain US Dollar Short-Term Money Market fund. The fund has received approval from the Monetary Authority of Singapore (MAS) and is now available to DBS’ wealth clients and accredited investors. Retail access is expected to be available in the first quarter of 2026. The fund uses Franklin Templeton’s proprietary Benji technology platform, which utilizes blockchain-integrated recordkeeping to provide investors with enhanced transparency, improved liquidity, and greater accessibility.
The tokenized fund mirrors the strategy of a Luxembourg-domiciled FTIF Franklin US Dollar Short Term Money Market Fund, which was launched over 30 years ago. Investors can access the MAS-approved fund with a minimum investment sum of $20. The fund’s blockchain technology provides a decentralized, tamper-proof system, ensuring secure and transparent investment tracking. This collaboration between Franklin Templeton and DBS Bank marks a significant milestone in the development of tokenized funds in Singapore, making it easier for investors to access and invest in these funds.
Tariq Ahmad, head of Apac at Franklin Templeton, expressed excitement about the collaboration, citing the growing interest in tokenized funds and digital assets. James Tan, group head of investment products & advisory at DBS Bank, noted that the partnership makes it simpler and more convenient for customers to start investing and build resilience through market cycles. The launch of this tokenized fund is a significant step towards increasing accessibility and transparency in the investment industry.
The partnership between Franklin Templeton and DBS Bank is expected to pave the way for further innovation in the tokenized fund space. With the growing demand for digital assets and tokenized funds, this collaboration is well-timed and has the potential to attract a wide range of investors. The use of blockchain technology and the Benji platform will provide investors with a secure and transparent way to track their investments, making it an attractive option for those looking to diversify their portfolios. Overall, the launch of the Franklin Onchain US Dollar Short-Term Money Market fund is a significant development in the Singaporean investment market.