Franklin Templeton gets approval to launch a tokenized fund in Singapore

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 self-developed blockchain platform, with the aim of enhancing transparency and efficiency in asset management.
The fund is expected to be officially launched in the coming months and is open to institutional and accredited investors. Franklin Templeton said it will continue to explore the application of blockchain and tokenization technology in asset management to meet investor demand for innovative financial products.