InvestaX, in partnership with Franklin Templeton, launched the first tokenized money market fund registered for retail investors in Singapore, enhancing access to regulated investment opportunities.

Information on the Target

The Franklin OnChain U.S. Dollar Short-Term Money Market Fund is a new investment vehicle launched in partnership with InvestaX and Franklin Templeton. This fund is structured as a sub-fund under Singapore’s Variable Capital Company (VCC) framework, making it a pioneering tokenized money market fund that is registered for retail investors with the Monetary Authority of Singapore (MAS). The introduction of this fund signifies a crucial advance in providing regulated access to tokenized money market instruments targeted at investors in Singapore and throughout Asia.

This fund is designed to invest specifically in a diversified portfolio of high-quality, USD-denominated short-term debt and money market instruments such as U.S. Treasuries, commercial paper, and certificates of deposit. It aims to provide daily liquidity, maintain low duration, and prioritize capital preservation. By leveraging a tokenized investment structure, the fund seeks to enhance accessibility and cost-efficiency for modern investment portfolios.

Industry Overview in Singapore

Singapore’s financial services sector is robust and has been rapidly advancing in the field of financial technology (fintech), particularly through the development of blockchain and tokenization. The Singaporean government has established a supportive regulatory framework to foster innova