Franklin Templeton: Japan, South Korea, Singapore, and Hong Kong Lead Asian Tokenization

Chetan Karkhanis of Franklin Templeton stated that while Asia is advancing in tokenized finance, progress is uneven across the region. He noted that South Korea, Japan, Singapore, and Hong Kong are approximately two to three years ahead of other regional markets, though much of Asia still lags behind the U.S. regarding stablecoin adoption. Karkhanis shared these insights at the CONNECT by Cointelegraph: Seoul Edition event. Singapore and Hong Kong are currently focused on institutional fund tokenization and cross-border settlement, Japan is advancing its security token offering (STO) market for retail investors, and South Korea is prioritizing regulatory frameworks for security tokens and central bank-led tokenized deposit pilots.