Singapore
Fintech News SG
HSBC Makes First Tokenised Fund Investment With Ant, Franklin Templeton
- HSBC used its Tokenised Deposit Service to make a tokenised investment for the first time, in partnership with Ant International and Franklin Templeton.
- The deal linked HSBC's Tokenised Deposit Service to Ant International's blockchain-based settlement platform, WhaleRTP.
- The investment was made into Franklin Templeton's tokenised money market fund, aiming to improve settlement efficiency for companies and financial institutions.