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Project Overview
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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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.