Singapore's MAS approves first tokenized retail fund

The Monetary Authority of Singapore (MAS) has officially approved the Franklin Onchain U.S. Dollar Short-Term Money Market Fund from asset manager Franklin Templeton, Fintechnews reported. The fund, developed in collaboration with Singapore's DBS Bank, is the first tokenized retail fund to launch in the country. It will initially be available to DBS wealth management clients and accredited investors, with access expanding to general investors in the first quarter of 2026.