Franklin Templeton, $1.8 Trillion Manager, Launches Tokenized BENJI Fund on HashKey Asia

Franklin Templeton, the asset manager overseeing roughly $1.80 trillion, has listed its tokenized Franklin OnChain U.S. Government Liquidity Fund, ticker grBENJI, on Hong Kong-based HashKey Exchange. The move opens on-chain access to a U.S. government money market product for digital asset investors across Asia.

Three outlets, CoinGape, CoinDesk and The Block, reported the partnership independently, agreeing on the core event: Franklin Templeton and HashKey have brought the fund to the exchange for Asian users. The Block specified the listing sits on HashKey’s Earn channel.

What Two or More Sources Confirm

The multi-source consensus covers three points: the partner exchange is HashKey, the product is Franklin Templeton’s tokenized government liquidity fund, and the intended market is Asia. That is the underlying event, and it is not in dispute across the reports reviewed.

Some specifics come from a single detailed account. CoinGape’s own reporting carries the $1.80 trillion assets-under-management figure for Franklin Templeton and the grBENJI ticker. The Block’s summary is the only one naming the Earn channel placement. Neither claim is contradicted elsewhere, they simply were not independently repeated in the material available from CoinDesk and The Block’s own pages, both of which returned browser verification screens rather than full article text at the time of this review.

The Fund and the Numbers

The Franklin OnChain U.S. Government Liquidity Fund invests in short-term U.S. government securities and cash equivalents, structured so that ownership records live on a blockchain rather than a traditional transfer agent ledger. Franklin Templeton has run BENJI-branded tokenized funds since 2021, making it one of the earlier entrants in the space.

Listing on HashKey gives the fund a regulated on-ramp inside Hong Kong’s licensed exchange framework, a jurisdiction that has pushed for clearer digital asset rules ahead of many Asian peers. For HashKey, the addition strengthens its yield-bearing product lineup for institutional and retail clients holding cash-equivalent positions in crypto accounts.

Why the Segment Is Growing

CoinDesk’s reporting frames the broader trend: tokenized U.S. treasury and money market funds rank among the fastest-growing segments of digital asset markets, expanding roughly fifteenfold over two years. That figure appears in CoinDesk’s coverage and has not been independently cross-checked against the other two reports, so it should be read as CoinDesk’s own estimate rather than a confirmed market-wide number.

The appeal for holders is straightforward. A tokenized government liquidity fund lets an investor already inside a crypto exchange park cash in a yield-generating instrument without wiring funds off-platform, then move back into digital assets when they choose. For HashKey’s Asia-based user base, that reduces friction between fiat-adjacent yield and crypto trading in a single account.

What Remains Unverified

No minimum investment size, fee structure or fund inflow figures were available across the reports reviewed. Launch-day subscription volume on HashKey has not been disclosed by either party. Readers tracking on-chain treasury products should watch for Franklin Templeton’s own fund disclosures, which typically post net asset value and holdings data on a T+1 basis once a listing is active.

Sources

• coingape.com
• coindesk.com
• theblock.co