HSBC completes first tokenized fund investment with Ant International and Franklin Templeton

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HSBC has for the first time used tokenized deposits to invest in a tokenized money market fund, completing the transaction in collaboration with Ant International and Franklin Templeton. The transaction connected HSBC’s Tokenised Deposit Service to Ant International’s blockchain-based WhaleRTP settlement platform. The solution is designed to help corporates and financial institutions manage idle cash and access funds outside traditional banking hours.