Franklin Templeton Launches Tokenized Fund in Hong Kong, Robinhood Sees Crypto Revenue Surge

Thursday Nov 6 2025 02:40

Duration

2 min

  1. 1. Key Takeaways

  2. 2. Franklin Templeton Enters the Tokenized Finance Arena in Hong Kong

  3. 3. Robinhood Reports Strong Growth in Crypto Revenue

  4. 4. Apple Explores Collaboration with Google in AI

  5. 5. Global NFT Market Slumps

  6. 6. Significant Movements in the Crypto Market

Key Takeaways

  • Franklin Templeton launches its first tokenized money market fund in Hong Kong.
  • Robinhood's crypto trading revenue jumps 300% but still falls short of expectations.
  • Apple reportedly plans to pay $1 billion annually for Google Gemini to power Siri.
  • Bitmine acquires a significant amount of Ethereum (ETH) worth approximately $70 million.
  • The global NFT market experiences a substantial decline in market capitalization.

Franklin Templeton Enters the Tokenized Finance Arena in Hong Kong

Franklin Templeton is taking a bold step into the future by launching its first tokenized money market fund in Hong Kong. This fund, named "Franklin OnChain US Government Money Fund," is backed by short-term U.S. Treasury bonds and utilizes blockchain technology to issue shares and record ownership. This project is part of the "Fintech 2030" plan launched by the Hong Kong Monetary Authority (HKMA), which aims to promote innovation in financial technology, including artificial intelligence (AI) and tokenized finance applications.

Robinhood Reports Strong Growth in Crypto Revenue

Despite the volatile performance of the cryptocurrency market, Robinhood announced a significant increase in cryptocurrency trading revenue during the third quarter of the year. Revenue increased by 300% to $268 million, although it still fell short of analysts' expectations. In addition, the company announced a change in the position of Chief Financial Officer (CFO), with Jason Warnick stepping down in the first quarter of 2026 and Shiv Verma replacing him.

Apple Explores Collaboration with Google in AI

Apple is exploring the possibility of collaborating with Google to leverage the Gemini large language model (LLM) to improve Siri's functionality. According to reports, Apple may pay approximately $1 billion annually to integrate the customized Gemini model, which contains 1.2 trillion parameters, into Siri's summarization and planning functions. The new version of Siri is expected to be released in the spring of next year. However, some functions will still operate using models developed internally by Apple.

Global NFT Market Slumps

The global NFT market is experiencing a notable decline in market capitalization. The total market capitalization of NFTs has decreased by 45% in just one month, according to CoinGecko data. Despite an increase in sales volume in October, the market is still suffering from a state of stagnation. Even the most popular collections, such as CryptoPunks and Moonbirds, have seen a decline in trading volume and prices.

Significant Movements in the Crypto Market

The cryptocurrency market has witnessed some interesting movements, including Bitmine's purchase of a significant amount of Ethereum (ETH) worth approximately $70 million. In addition, Ripple announced that it had received a strategic investment of $500 million, bringing the company's valuation to $40 billion. Kazakhstan is also considering investing part of its gold and foreign exchange reserves in cryptocurrencies.

Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

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Written by:

Sophia Claire

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