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Franklin Templeton rushes into Hong Kong: the first tokenization fund lands, traditional giants get on board on-chain assets.
[Block Rhythm] Franklin Templeton's actions have been quite swift. On November 6, they just announced the launch of the first tokenized fund product in Hong Kong, perfectly timed—this week the Hong Kong government just unveiled its financial technology development plan for the next five years.
This time it's not just about launching a product; the underlying idea is much bigger: to directly integrate AI and Block into the entire financial system. Traditional asset management giants are starting to engage with on-chain assets, which indicates that this is no longer an experiment confined to a small circle, but rather a movement that is set to scale up significantly.
The policies here in Hong Kong are also closely aligned, and it seems they are determined to make a mark in the Web3 finance sector. Tokenization of funds is just the appetizer, and there will likely be more gameplay to follow.