Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
Franklin Templeton has significantly increased its holdings of tokenized money market fund shares on the XRP Ledger, reaching approximately $200 million. The move highlights the growing integration of traditional financial assets with blockchain technology.
Why it matters
This reflects the institutional adoption of distributed ledger technology for managing real-world assets (RWA) and short-term debt instruments.
That wallet and Franklin’s issuing account authorize the identical eight signing addresses. Any two can jointly approve a transaction, according to CoinDesk’s review of ledger records .
The wallet holds nearly 193 million sgBENJI shares, up from about 48 million before Thursday. At the $1.039 share price recorded in the transactions, that is worth about $200 million.
RWA.xyz ranks Franklin second in its XRP Ledger table of tokenized asset platforms, behind Ripple’s RLUSD stablecoin at about $930 million and ahead of Ondo at $185 million.
Each token represents a share of the Singapore-domiciled Franklin OnChain U.S. Dollar Short-Term Money Market Fund. It invests in short-term dollar debt and money-market instruments, including government paper, commercial paper and bank deposits. Returns accumulate in the share price.
On Wednesday, Franklin’s issuing account wrote two subscription receipts onto the ledger. Each recorded a $75 million cash subscription and carried its own reference code.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in