November 12, 2025
By Our Correspondent
Blockchain-enabled fund aims to expand access, lower investment minimums, and boost transparency
Franklin Templeton and DBS Bank have launched Singapore’s first money market fund with a tokenized registry, marking a milestone in the city-state’s push toward blockchain-based finance.
The Monetary Authority of Singapore approved the Franklin OnChain U.S. Dollar Short-Term Money Market Fund as an authorized scheme. It is currently available to DBS wealth clients and accredited investors through the bank’s relationship managers, with retail access expected in early 2026.
The fund allows investments as low as US$20, a sharp reduction from traditional minimums. By leveraging blockchain technology via Franklin Templeton’s proprietary Benji platform, the product offers investors real-time fund data, daily yield accrual, and enhanced liquidity and transparency.
Modeled after Franklin Templeton’s long-standing U.S. dollar short-term fund domiciled in Luxembourg, the new vehicle extends the firm’s three-decade track record of stability to a blockchain-enabled structure.
“This collaboration combines DBS’s digital infrastructure and deep presence in Singapore with Franklin Templeton’s global expertise in tokenized assets,” said Tariq Ahmad, head of Asia-Pacific at Franklin Templeton. “Together, we aim to broaden access to tokenized funds and promote financial inclusion through innovative investment solutions.”
