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OnChain is an on-chain capital markets investment platform, designed to meet the one-stop global asset allocation needs of on-chain clients. It will offer financial products including money market funds, investment-grade bond funds, and non-standard fixed-income public/private products.
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After issuing an additional $150 million in shares, the Franklin Templeton fund on the XRP Ledger is now worth approximately $200 million
Odaily reports: Franklin Templeton on Thursday issued approximately $150 million worth of tokenized money market fund shares on the XRP Ledger, bringing the related shares on that network to nearly 193 million. At $1.039 per share as recorded in transaction records, the related shares are worth approximately $200 million in total. The new shares were issued through two subscription transactions of $75 million each, both transferred to the same wallet, which as a result holds all of the fund's shares on the XRP Ledger. On-chain records show that this wallet shares the same 8 authorized signer addresses as Franklin Templeton's issuance account, with any two addresses able to jointly approve transactions. It is currently unclear whether the wallet represents a single investor or is held by a custodian on behalf of multiple clients' assets; the identity of the relevant investors and the source of funds have not been disclosed. These tokens correspond to shares of Franklin Templeton's Singapore-registered OnChain U.S. Dollar Short-Term Money Market Fund. The fund primarily invests in short-term U.S. dollar debt and money market instruments, with returns reflected in the share price. The fund's tokenized assets on the XRP Ledger rank second in size only to Ripple's RLUSD stablecoin. Holding the related tokens requires approval from the issuer, and the issuer also retains the authority to freeze balances and claw back tokens.
Franklin Templeton Partners with HashKey to Launch Tokenized Money Market Fund in Asia
According to The Block, Franklin Templeton has partnered with HashKey Exchange in Hong Kong to launch the Franklin OnChain U.S. Government Liquidity Fund on its Earn channel, offering tokenized money market fund products to professional investors across Asia. The fund primarily invests in U.S. government money market instruments and USD cash assets, and is not currently available to the retail public in Hong Kong. Franklin Templeton stated that both parties plan to expand their cooperation from tokenized money market funds to more tokenized products in the future, leveraging HashKey’s multi-jurisdictional platforms covering Hong Kong, Singapore, Tokyo, Dubai, and Bermuda to drive distribution. Previously, the firm launched Hong Kong's first tokenized money market fund in November 2025. Data shows that as of August 23, the global tokenized RWA asset market reached $38.2 billion, with tokenized U.S. Treasuries accounting for approximately $15.6 billion.
SEC Allows Franklin Templeton Funds to Invest in Its On-Chain Money Market Fund
Odaily News: The U.S. Securities and Exchange Commission (SEC) stated it will not take enforcement action if asset management firm Franklin Templeton fund managers invest cash into its Franklin OnChain U.S. Government Money Fund. The fund invests in U.S. government securities and aims to maintain a price of $1 per share. The SEC also allowed affiliated transfer agent Franklin Templeton Investor Services (FTIS) to serve as custodian for the tokenized fund and hold private keys, without needing to comply with existing physical custody rules. The arrangement includes 12 conditions, requiring Franklin Templeton to prevent unauthorized instructions and requiring FTIS to have management controls capable of correcting, freezing, migrating, or recovering records. Data shows that Franklin Templeton manages $2.5 billion in on-chain assets through its tokenized fund, ranking fifth among tokenized asset managers. The company established a dedicated crypto business unit in June and acquired crypto asset management firm 250 Digital. (Cointelegraph)
JPMorgan Chase Files to Launch Tokenized Money Market Fund JLTXX on Ethereum
JPMorgan Chase has filed an application to launch a tokenized money market fund, JLTXX, on the Ethereum blockchain. Officially named the JPMorgan OnChain Liquidity-Token Money Market Fund, this fund will invest exclusively in US Treasuries and overnight repurchase agreements fully collateralized by US Treasuries or cash. It is designed to meet the eligible reserve asset requirements for stablecoin issuers under the GENIUS Act.Last year, JPMorgan launched its first tokenized money market fund, MONY, on Ethereum.
JPMorgan Submits Application for Tokenized Fund, Further Increasing Its Investment in Cryptocurrencies
According to Bloomberg, JPMorgan’s Asset Management division has filed its second application for a tokenized money market fund—the JPMorgan Chase OnChain Liquidity Token Money Market Fund (ticker: JLTXX). The filing states that the fund will issue digital tokens on the Ethereum blockchain, representing shares in its underlying portfolio of U.S. Treasury securities and repurchase agreements. This move signals JPMorgan’s continued expansion into blockchain-based financial products.