XRP Ledger gets $150M Franklin Templeton fund shares
XRP Ledger added $150 million in tokenized money market fund shares from Franklin Templeton on Friday, concentrated in a single wallet. The move lifts the wallet’s balance to nearly 193 million sgBENJI at a recorded $1.039 per share, underscoring the ledger’s growing tokenized assets footprint.
Franklin Templeton added $150 million worth of tokenized money market fund shares to the XRP Ledger on Friday, concentrating all newly issued tokens in a single wallet that now holds the entire fund balance on the network.
Ledger records show the destination wallet and the issuing account share the same eight signing addresses, with any two signers able to jointly approve transactions. The wallet’s holdings rose to nearly 193 million sgBENJI tokens from about 48 million before Thursday. At the $1.039 share price recorded in the transactions, the position is valued at roughly $200 million.
Why did a single wallet receive the entire $150 million tranche?
All newly minted shares were directed to one wallet that already held the fund’s XRP Ledger balance, indicating a centralized custody or distribution setup governed by multi-signature controls. The wallet and the issuing account authorize eight identical signers, and any two can approve transactions, providing operational flexibility while concentrating settlement.
The consolidation simplifies inventory management for a tokenized money market vehicle and aligns with controlled issuance practices common in permissioned or institutionally managed digital assets. With the wallet balance jumping from about 48 million to nearly 193 million sgBENJI, the ledger now reflects a significantly larger pool of tokenized fund shares at a recorded $1.039 per unit. That pricing implies a book value near $200 million tied to the address, framing the XRP Ledger as an active venue for tokenized cash-equivalents.
Asset/Platform
Estimated value on XRP Ledger
Positioning
Ripple RLUSD
About $930 million
Largest tokenized asset on XRPL
Franklin sgBENJI
About $200 million
Second-largest by value
Ondo
$185 million
Third by value
How is the sgBENJI wallet secured and governed on-chain?
The wallet and the issuer account list the same eight signing addresses, with a two-of-eight threshold to execute transactions. This multi-signature arrangement distributes authority while maintaining tight control, a structure suited to regulated fund tokens that require auditable, rule-based operations.
The shared signer set between the issuing account and the holding wallet reduces operational friction for movements such as issuance, redemption, or rebalancing while preserving a clear approval workflow. By anchoring control to eight authorized signers and requiring two approvals per action, the setup balances redundancy and security, minimizing single-point-of-failure risk without fragmenting custody.
What does this mean for tokenization on the XRP Ledger?
The increase to nearly 193 million sgBENJI, priced at $1.039 in recorded transactions, signals expanding tokenized fund activity alongside established assets. Rankings place Franklin’s tokenized fund second on the ledger by value, behind the RLUSD stablecoin at about $930 million and ahead of Ondo at $185 million, highlighting growing depth across categories.
Consolidating $150 million of new issuance into a single, multi-signature wallet underscores enterprise-grade governance for tokenized cash-equivalent instruments. The structure may enable streamlined primary market processes and controlled secondary distribution as institutions test settlement, liquidity management, and record-keeping on-chain. With a roughly $200 million footprint now visible, the XRP Ledger’s role in real-world asset tokenization continues to broaden.
Investors and market operators will be watching subsequent transfers for signs of distribution beyond the issuer-linked wallet, as well as any additional issuance events that further expand the ledger’s tokenized money market segment.
This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.
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