Franklin Templeton Approved to Launch Tokenized Fund in Singapore

ChainCatcher reports that Franklin Templeton has received approval from the Monetary Authority of Singapore (MAS) to launch its first tokenized fund in Singapore. The fund will be issued and managed through Franklin Templeton's independently developed blockchain platform, aiming to enhance transparency and efficiency in asset management.

The fund is expected to be officially launched in the coming months, open to institutional and qualified investors. Franklin Templeton stated that it will continue to explore the application of blockchain and tokenization technology in the asset management field to meet investors' demand for innovative financial products.