PANews reported on May 15 that according to Tech in Asia, Franklin Templeton has obtained approval from the Monetary Authority of Singapore (MAS) to launch the Franklin OnChain USD Short-Term Money Market Fund, Singapore's first tokenized fund for retail investors. The fund issues shares through its blockchain-integrated registration agent platform with a minimum investment of US$20, aiming to improve transparency, security and efficiency. The fund is supported by the Franklin Templeton Investment Variable Capital Company (VCC) structure.