Singapore's Monetary Authority of Singapore (MAS) has approved the Franklin Onchain U.S. Dollar Short-Term Money Market Fund, marking the country's first tokenized retail fund. Developed by Franklin Templeton and DBS Bank, the fund is initially accessible to DBS wealth management clients and accredited investors, with plans to open to general investors by early 2026. Utilizing blockchain technology, the fund offers fractional ownership and 24/7 trading capabilities. MAS has established stringent safeguards to ensure investor protection while promoting innovation, positioning Singapore as a leader in digital asset advancement.