11th Taiwan Blockchain Conference to Explore Tokenized Funds and Institutional Adoption

The 11th Taiwan Blockchain Ai Enthusiasts Annual Conference, organized by the Taiwan Blockchain Enthusiasts Association (TABEI), is scheduled for November 23-24 at the 2F International Conference Hall, NCCU Public Administration and Business College. A significant focus of the event, particularly on ‘Institutional Day’ on November 24, will be the practical advancements and institutional adoption of tokenized funds and enterprise fund management.

Key participants, including Franklin Templeton, Cathay Securities Investment Trust (國泰投信), and tokenization platform Libeara, are set to discuss practical developments in tokenized funds and digital asset management. These discussions reflect a growing trend in the financial industry towards blockchain integration.

Franklin Templeton, a notable player in the tokenization space, launched the ‘Franklin OnChain U.S. Government Money Fund’ in 2021, recognized as the first registered U.S. fund to use a public blockchain for transactions and shareholding records. The firm plans to introduce an ‘Intraday Yield’ feature on its Benji platform in June 2025, which aims to calculate yields to the second based on actual token holding time, offering a more refined approach to yield accrual.

Libeara, incubated by SC Ventures (a subsidiary of Standard Chartered Bank), has also advanced in the tokenized fund market. In October 2024, Libeara, in partnership with FundBridge Capital, launched ‘ULTRA,’ a tokenized U.S. short-term government bond fund in Singapore.

Discussions at the conference are expected to explore how tokenization allows financial institutions to represent fund rights as digital tokens, potentially leading to more efficient record-keeping, transaction management, and yield calculation via smart contracts. The concept of ‘interest calculated by the second’ signifies a move towards more granular yield accrual. However, actual interest calculation and distribution methods will depend on specific fund contracts and product designs, and not all tokenized funds are expected to adopt identical approaches.

For investors, this could mean a shift from daily yield calculation to a basis tied to actual holding periods. For fund companies, adopting such features requires adjustments to contract design, accounting systems, and regulatory compliance. These applications are still in the early stages of development and require regulatory and accounting support.

The development of tokenized funds holds particular significance for corporate finance, potentially enabling more flexible management of short-term funds by integrating them with corporate digital wallets and payment systems. Tokenized money market funds might also offer benefits such as 24/7 subscription and redemption capabilities, potentially reducing fund idle periods compared to traditional methods.

Future applications, such as using tokenized fund shares directly for inter-company payments or collateral, are in nascent stages and depend on the evolution of regulatory frameworks and accounting practices.

The conference will also feature ‘Trust Day’ discussions on AI Agent identity and the credible AI economy. However, ‘Institutional Day’ will concentrate on stablecoins, digital asset custody, credit may provide, tokenized securities, and RWA node governance, with tokenized funds as a central theme.

Broader Context

Source materials place the factual news in this context: The article is a press release provided by the Taiwan Blockchain Enthusiasts Association (TABEI).