According to Foresight News and Fintech News, Franklin Templeton has received approval from the Monetary Authority of Singapore to launch the Franklin On-Chain US Dollar Short-Term Money Market Fund, which is Singapore's first tokenized fund aimed at retail investors. The fund's shares will be issued through Franklin Templeton's blockchain-integrated transfer agent platform, with a minimum investment amount set at $20.
Franklin Templeton Approved by Singapore MAS to Launch Tokenized Fund for Retail Investors
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