Franklin Templeton Launches Tokenized Fund for Retail Investors in Singapore
AI Summary
According to Foresight News, Franklin Templeton has received approval from the Monetary Authority of Singapore to launch the Franklin OnChain U.S. Dollar Short-Term Money Market Fund. This marks Singapore's first tokenized fund available to retail investors. The fund's shares will be issued through Franklin Templeton's blockchain-integrated transfer agent platform, with a minimum investment requirement set at $20.
