- Published on
Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
- Authors
- Name
- DeepHorus
Franklin Templeton added about $150 million in shares of its tokenized money market fund to the XRP Ledger, nearly quadrupling the fund’s token supply on the network. All new sgBENJI shares went to one wallet, which now holds roughly 193 million shares worth about $200 million at $1.039 each. The wallet previously held about 48 million shares.
The additions followed two $75 million cash subscription receipts written Wednesday by Franklin’s issuing account. On Thursday, two batches of just over 72,184,793 shares were recorded at 02:58 and 04:13 UTC, each matching a receipt code. The funding source and investor identities were not disclosed.
Ledger records show the receiving wallet and Franklin’s issuing account authorize the same eight signing addresses. Any two can jointly approve a transaction. It remains unclear whether the wallet represents one investor or multiple clients; Franklin did not respond to questions about an omnibus account.
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. Franklin can approve holders, freeze balances and recover tokens on the XRP Ledger.
RWA.xyz ranks Franklin second among tokenized asset platforms on the XRP Ledger, behind Ripple’s RLUSD stablecoin at about $930 million and ahead of Ondo at $185 million. Franklin and DBS announced the fund’s Singapore-authorized structure in November 2025 with a $20 minimum investment. It was initially available to wealth and accredited clients.
The concentration leaves the XRP Ledger with one sgBENJI holder even as balances grow, raising custody and record-keeping questions. Brokers often hold shares for many clients in one account while tracking ownership separately. Future disclosures could clarify whether the wallet is an omnibus account, while Franklin and DBS plan token swaps and lending.
