Franklin Templeton is approved to launch its first retail tokenized fund in Singapore with a minimum investment of $20

PANews reported on May 15 that according to Tech in Asia, Franklin Templeton has been approved by the Monetary Authority of Singapore (MAS) to launch the Franklin OnChain USD short-term money market fund, Singapore's first tokenized fund for retail investors. The fund issues shares through its blockchain-integrated registered agent platform with a minimum investment of US$20, aiming to improve transparency, security and efficiency. The fund is backed by the Franklin Templeton Investment Variable Capital Corporation (VCC) structure.