The structure lets institutional traders keep assets in regulated custody while still deploying them in crypto markets.
The updates allow traditional money market funds to plug into blockchain-based settlement and record-keeping systems.
The project expands Hong Kong’s ongoing trials linking tokenized deposits, money-market funds, and potential CBDC settlement.
DBS Bank has collaborated with Franklin Templeton and Ripple to develop trading and lending solutions using tokenized money market funds and the RLUSD stablecoin.
Binance is partnering with Franklin Templeton to build tokenized products that merge Wall Street and global crypto trading.
The filing comes one day after Franklin Templeton filed an S-1 with the SEC to list and trade a spot XRP ETF.