Franklin Templeton has partnered with Hong Kong's HashKey Exchange to distribute its tokenized money market fund, further expanding the global asset manager's presence in Asia.

In a Monday statement, HashKey said it has launched the Franklin OnChain U.S.

Government Liquidity Fund on the platform's Earn channel.

The product is designed to offer investors access to a tokenized fund that mainly invests in U.S. government money market instruments and U.S. dollar cash assets.

The tokenized fund is only available to professional investors and is not open for the general public in Hong Kong.