Franklin Templeton Introduces Hong Kong's First Tokenized Investment Fund
Introduction of Tokenized Fund: Franklin Templeton has launched Hong Kong's first tokenized money-market fund, the Franklin OnChain U.S. Government Money Fund, which utilizes blockchain technology to enhance transparency and ownership tracking for investors.
HKMA's Fintech 2030 Strategy: The Hong Kong Monetary Authority has initiated its Fintech 2023 Strategy, aiming to modernize financial infrastructure and promote a tokenization ecosystem, with the Franklin fund being the first project under this plan.
Global Blockchain Collaboration: The HKMA is expanding its blockchain initiatives globally, collaborating with central banks in Brazil and Thailand to facilitate cross-border trade, while Franklin Templeton partners with HSBC and OSL Group to test tokenized deposits.
Focus on Innovation and Stability: The HKMA's blueprint emphasizes strengthening cybersecurity, developing AI infrastructure, and ensuring that innovation in fintech aligns with investor protection and financial stability, marking a new era for Hong Kong as a global fintech hub.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00938 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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