TechFlow, November 6 — According to The Block, Franklin Templeton has launched Hong Kong's first tokenized money market fund. Registered in Luxembourg and backed by short-term U.S. Treasury securities, the fund issues digital tokens representing investors' shares via blockchain technology. This move aligns with the Hong Kong Monetary Authority's (HKMA) newly announced "Fintech 2030" initiative, introduced this week by CEO Eddie Yip, which includes over 40 measures aimed at integrating AI tools, developing a tokenization ecosystem, and strengthening the resilience of the financial sector.
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