money market fund Archives - Coin Engineer

Hong Kong Launches Tokenized Deposits!

Ahmet Bedirhan Arvas — Mon, 17 Nov 2025 15:30:51 +0000

Hong Kong has launched a major transformation that will significantly impact its financial infrastructure by implementing a new pilot program. The program includes the use of tokenized deposits in real-value transactions. The Hong Kong Monetary Authority (HKMA) announced that Project Ensemble has now moved out of its testing environment and is officially active in real-world usage.

What Is the Purpose Here?

The goal is to conduct real money transactions on the blockchain. This program first started in 2024 on a metaverse project known as SandBox. Tokenized deposits tested in this environment will now carry real transaction value. The Hong Kong Monetary Authority (HKMA) takes this highly seriously. The initial focus will be on high-volume financial areas, and the first phase will include:

Tokenized money market fund transactions,
Real-time liquidity management,
Treasury operations

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In particular, settlement transactions will initially be conducted through the Hong Kong Dollar RTGS system. The intended goal is to transform the existing system into a 24/7 structure that is compatible with tokenized central bank money.

HKMA CEO Eddie Yue emphasized that many of the technologies developed within the SandBox environment have now entered the market and are being actively used. It was especially highlighted that interoperability is critical for assets undergoing tokenization.

Asian Market Heats Up With These Moves!

Hong Kong’s tokenization initiative naturally triggers competition among the major financial hubs in Asia. Singapore also seems to be preparing to take its place in this race. The country recently expressed its intention to expand its tokenized securities and CBDC trials.

The Kinexys platform by DBS and JP Morgan is also working on cross-chain tokenized deposit transfers.

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BlackRock Pushes Further Into Blockchain With Digital Share Initiative

Yigit Taha OZTURK — Wed, 30 Apr 2025 10:00:45 +0000

Asset management giant BlackRock has filed to launch digital ledger shares that will track its $150 million BLF Treasury Trust Fund (TTTXX) using blockchain technology. According to the SEC filing dated April 29, these shares will offer a mirrored ownership record maintained via blockchain, accessible through BlackRock Advisors and The Bank of New York Mellon (BNY).

BNY will utilize blockchain to maintain a digital mirror of investor share ownership while traditional book-entry systems remain the official ledger.

Transparency Over Tokenization

Unlike BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), these new shares won’t be tokenized. Instead, they will serve as a transparency tool to verify ownership. A minimum $3 million investment is required for institutions to access the digital shares. No ticker symbol or management fee has yet been proposed.

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Wall Street Embraces Blockchain Solutions

BlackRock follows in the footsteps of Fidelity, which filed in March to launch an Ethereum-based OnChain share class for the $80 million Fidelity Treasury Digital Fund (FYHXX), expected to go live on May 30 pending regulatory approval.

The market for tokenized Treasury products has grown to $6.16 billion, led by BlackRock’s BUIDL with $2.55 billion, and Franklin Templeton’s BENJI fund managing over $700 million.

Ethereum remains the dominant blockchain for tokenized real-world assets, currently hosting over $4.55 billion, followed by Stellar and Solana with $474.9 million and $274.5 million, respectively.

BlackRock CEO Larry Fink believes tokenization of real-world assets could revolutionize investing.

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Franklin Templeton Steps into the Crypto Sector!

Yigit Taha OZTURK — Thu, 14 Nov 2024 20:30:50 +0000

Franklin Templeton has taken a significant step in the investment world by announcing the integration of its $410 million Money Market Fund into the Ethereum blockchain. This move has garnered significant attention as a strategy to bridge traditional financial systems with digital assets. By leveraging the advantages of blockchain technology, such as transparency, speed, and efficiency, the goal is to offer investors lower transaction costs and faster fund access.

This expansion, conducted through Ethereum’s Layer-2 solution, Base, further deepens the integration of the crypto ecosystem with the traditional financial sector. Franklin Templeton aims to utilize blockchain’s security and speed advantages to manage investors’ funds more effectively. This move has the potential to attract not only the crypto world but also the attention of institutional investors.

This development increasingly blurs the boundaries between crypto and traditional finance. Ethereum blockchain, now suitable not only for digital assets and trading but also for traditional financial instruments like money market funds, presents a new infrastructure. Franklin Templeton’s move could signal the emergence of new paradigms in the digital financial ecosystem.

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With Coinbase’s Base solution, transactions on the Ethereum network become faster, cheaper, and more transparent, allowing investors to escape high transaction fees and delays. This development has the potential to increase demand for safe-haven assets and boost interest in crypto assets. Franklin Templeton’s transition to blockchain could solidify digital finance as a key component not only for the future but also in the present financial landscape.

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