Choose Rich Live
Crypto News

Franklin Templeton adds $150 million in tokenized fund shares to XRP Ledger

Franklin Templeton has added $150 million in tokenized money market fund shares to the XRP Ledger in a single wallet, bringing total holdings to nearly $200 million.

Exterior view of a modern glass office building displaying the Franklin Templeton logo signage under a blue sky.
Image: @analyticsinme

Asset manager Franklin Templeton added $150 million in shares of its tokenized money market fund to the XRP Ledger, placing the entire sum into a single wallet, according to reports from crypto media outlets and market commentators.[1][2][3][5]

The addition was completed across two subscriptions on Thursday, nearly quadrupling the fund's tokens on the network, according to CoinDesk. The publication noted that the receiving wallet shares its authorized signers with the issuer.[5]

The latest transfer brings the wallet's total sgBENJI share holdings to roughly $200 million, according to BlockNews and Analytics Insight. The increase makes the fund shares the second-largest tokenized asset on the XRP Ledger, trailing only Ripple's RLUSD.[2][3][4]

Key facts

  • Franklin Templeton added $150 million of tokenized money market fund shares to the XRP Ledger.
  • The addition was executed via two subscriptions on Thursday that nearly quadrupled the fund's tokens on the XRP Ledger, according to CoinDesk.
  • The receiving wallet shares its authorized signers with Franklin Templeton, according to CoinDesk.
  • The new deposit brings total sgBENJI token holdings in the single wallet to roughly $200 million.
  • sgBENJI is now the second-largest tokenized asset on the XRP Ledger behind Ripple's RLUSD, according to BlockNews and Analytics Insight.

Sources · 5 sources

  1. TW

    The Wolf Of All Streets@scottmelkerPost on X ·

    FRANKLIN TEMPLETON ADDS $150M IN TOKENIZED MONEY MARKET FUND SHARES TO THE XRP LEDGER $XRP, ALL IN ONE WALLET

    Open source
  2. BL

    BlockNews@blocknewsdotcomPost on X ·

    🚨 JUST IN: $1.8 TRILLION asset manager Franklin Templeton reportedly moves $150 MILLION of its tokenized money market fund onto the XRP Ledger! A single wallet now holds nearly $200 MILLION in $sgBENJI shares, making it the second-largest tokenized asset on XRPL, behind Ripple's $RLUSD.

    Open source
  3. AI

    Analytics Insight@analyticsinmePost on X ·

    𝐅𝐫𝐚𝐧𝐤𝐥𝐢𝐧 𝐓𝐞𝐦𝐩𝐥𝐞𝐭𝐨𝐧 𝐀𝐝𝐝𝐬 𝐔𝐒𝐃 𝟏𝟓𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐓𝐨𝐤𝐞𝐧𝐢𝐳𝐞𝐝 𝐅𝐮𝐧𝐝 𝐒𝐡𝐚𝐫𝐞𝐬 𝐭𝐨 𝐗𝐑𝐏 𝐋𝐞𝐝𝐠𝐞𝐫 🚨 JUST IN: Franklin Templeton Adds USD 150M to XRP Ledger! Franklin Templeton has added USD 150 million in sgBENJI tokenized fund shares to the XRP Ledger (XRPL), bringing its holdings to nearly USD 200 million. All shares remain in a single wallet, placing Franklin second among XRPL tokenized asset platforms behind Ripple's RLUSD. 📈🔥 #XRP #XRPL #Ripple #FranklinTempleton #Tokenization #RWA #CryptoNews #analyticsinsight #analyticsinsightmagazine Read More 👇 https://t.co/ehBwscfqth

    Open source
  4. TM

    That Martini Guy ₿@MartiniGuyYTPost on X ·

    Franklin Templeton has added another $150M in tokenised money market fund shares to the XRP Ledger, taking the total on XRPL to roughly $200M. That's a serious amount of traditional finance making its way onto blockchain infrastructure. While most of the crypto market is focused on price action, major asset managers are quietly building out tokenisation. XRP holders will be paying attention to this one.

    Open source
  5. CO

    CoindeskArticle ·

    Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet Two subscriptions on Thursday nearly quadrupled the fund’s tokens on the network. The receiving wallet shares its authorized signers with the issuer.

    Open source