Franklin Templeton has collaborated with DBS Bank to launch Singapore’s first money market fund with a tokenized register.

The Franklin Onchain US Dollar Short-Term Money Market Fund has received approval from the Monetary Authority of Singapore to be offered as an authorized scheme. It is now available to DBS wealth clients and accredited investors through the bank’s relationship managers, with retail access expected in the first quarter of 2026.

By enabling fractional ownership and lowering minimum investment thresholds, tokenized funds have the potential to democratize access to high-quality, blockchain-integrated investment strategies. Investors will be able to access the fund with a much lower minimum investment of US$20.

The fund utilizes Franklin Templeton's proprietary Benji Technology Platform for blockchain-integrated record-keeping, offering investors enhanced transparency through real-time fund data, improved liquidity, daily yield accrual, and greater accessibility – benefits made possible through blockchain technology.

The blockchain’s decentralized, tamper-proof system also ensures secure, transparent investment tracking.

The tokenized fund mirrors the strategy of a Luxembourg-domiciled Franklin Templeton investment fund, the Franklin US Dollar Short-Term Money Market Fund, which has delivered over 30 years of trusted performance, the firm says. The newly launched tokenized fund brings this established approach to a blockchain-enabled platform, providing access to high-quality, short-term US dollar assets – now enhanced by the speed, transparency, and efficiency of blockchain.

By combining DBS’s robust digital infrastructure and extensive presence in Singapore with Franklin Templeton’s global expertise in tokenized assets, the parties aim to broaden investor access to tokenized funds and advance financial inclusion through innovative investment solutions, says Tariq Ahmad, head of Asia-Pacific at Franklin Templeton.